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Efficient Group acquires Verso Investment Services Proprietary Limited


Thursday, 6 Mar 2014 02:00am EST 

Efficient Group Ltd:Concludes acquisition agreement for of about 72.1 mln Rand for Verso Investment Services Proprietary Limited.Purchase consideration will be settled in cash as to 45.8 mln Rand.Balance of 26.3 mln Rand by way of allotment and issue of 16,425,580 Efficient shares at issue price of 1.60 Rand per share.28 mln Rand to be funded by way of a rights offer.Efficient shareholders will be offered 32.74303 rights offer shares for every 100 shares held by them on the initial record date March 8.Subscription price will be 1.60 Rand per rights offer share. 

Company Quote

330.0
0.0 +0.00%
19 Sep 2014