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

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Consolidated Infrastructure Group Ltd Announces General Issue of Shares

Thursday, 9 May 2013 03:30am EDT 

Consolidated Infrastructure Group Ltd announced that it has issued a total of 15 million shares for cash, representing 12.6% of the issued share capital of CIG, in terms of a general authority to issue shares for cash granted at the Company’s annual general meeting which was held on 15, April 2013. A total cash amount of ZAR258 million has been raised in terms of the cash issue and the new CIG shares issued rank pari passu with the existing shares in issue. The majority of the proceeds will be utilised to settle CIG’s liability in respect of the 30.5% share acquired in Angola Environmental Serviços Limitada (AES), an Angolan based company providing waste management services to the oil and gas sector, which was announced over SENS on December 3, 2012. 

Company Quote

-75.0 -2.52%
2:36am EST