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Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.
Provider: Wright Reports

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Ascension Properties Ltd Announces Results of Private Placement

Wednesday, 27 Mar 2013 10:25am EDT 

Ascension Properties Ltd announced that it has closed its book build, having raised ZAR150 million. The Ascension linked units to be issued pursuant to the book build process have been priced at ZAR4.50 and ZAR2.45 per Ascension A and B linked unit respectively. The books were well oversubscribed at these levels. A total of 17,607,938 new A linked units and a total of 28,885,849 new B linked units are expected to be issued and list on April 9, 2013. As the number of Ascension linked units to be issued in terms of the private placement is in excess of 5% of the number of Ascension linked units in issue prior to the private placement, a further announcement will be made setting out the pro forma financial effects of the private placement. 

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