December 15, 2017 / 2:21 PM / a month ago

BRIEF-Steinhoff Announces Sale Of Shares In PSG Group Limited

Dec 15 (Reuters) - STEINHOFF:

* SOLD APPROXIMATELY 20.6 MILLION SHARES IN PSG GROUP LIMITED, AN INDIRECT AFFILIATE OF COMPANY

* ‍SHARE SALE RELATES TO APPROXIMATELY 9.5% OF ISSUED SHARE CAPITAL OF PSG​

* SALE PRICE WAS R230 PER PSG SHARE

* ‍FOLLOWING SHARE SALE, COMPANY‘S INDIRECT INTEREST IN PSG HAS REDUCED FROM 25.5% TO APPROXIMATELY 16.0%​

* PROCEEDS FROM SHARE SALE, BEFORE COSTS, AMOUNT TO APPROXIMATELY ZAR4.7 BILLION Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below