September 5, 2017 / 9:21 AM / 3 months ago

BRIEF-African Rainbow Capital Investments updates on listing on JSE

Sept 5 (Reuters) - African Rainbow Capital:

* OFFER WAS OVERSUBSCRIBED AT MARKET CLOSE ON MONDAY, 4 SEPTEMBER 2017

* ARC INVESTMENTS TO INCREASE NUMBER OF OFFER SHARES ISSUED FROM 223.1 MILLION TO 258.4 MILLION ALL OF WHICH WILL BE ISSUED AT R8.50 PER SHARE

* NET PROCEEDS RECEIVED BY ARC INVESTMENTS FROM OFFER AND CORNERSTONE SUBSCRIPTIONS IS EXPECTED TO BE R4.2 BILLION

* GROSS PROCEEDS FROM OFFER WILL INCREASE FROM R1.9 BILLION TO R2.2 BILLION Source text for Eikon: Further company coverage:

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