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Ascension Properties Ltd Announces Opening Of Private Placement


Tuesday, 26 Mar 2013 03:00am EDT 

Ascension Properties Ltd announced that Ascension proposes an equity raise of up to ZAR150 million through the issue of new Ascension A and B linked units by way of a private placement and under general authority to issue linked units for cash, as approved by shareholders at the annual general meeting held on December 12, 2012 (the private placement). The private placement will be offered to South African investors through an accelerated book build process. The private placement opens on March 26, 2013 and may close at any time thereafter. 

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