Reuters logo
BRIEF-Safari Investments says to issue shares worth 726.5 mln rand
October 19, 2016 / 2:11 PM / in a year

BRIEF-Safari Investments says to issue shares worth 726.5 mln rand

Oct 19 (Reuters) - Safari Investments RSA Ltd :

* Entered into subscription agreements, will issue in aggregate 96.381 mln shares for cash for a total amount of 726.5 mln rand

* Subscription will be executed in two tranches, first tranche of 27.327 mln shares will be issued at 7.50 rand per share for total amount of 204.9 mln rand

* Subscription will enable Safari to settle most of its existing debt Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

Our Standards:The Thomson Reuters Trust Principles.
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