March 28, 2018 / 5:15 AM / in 4 months

BRIEF-Sanlam Says Raised 5.7 Bln Rand Via Placing

March 28 (Reuters) - Sanlam Ltd:

* ‍TOTAL OF 65.5 MILLION NEW ORDINARY SHARES IN COMPANY HAVE BEEN PLACED BY J.P. MORGAN SECURITIES PLC AND DEUTSCHE BANK AG​

* ‍PLACING AT A PRICE OF ZAR87.00 PER SHARE, RAISING GROSS PROCEEDS OF APPROXIMATELY ZAR5 700 MILLION​

* ‍PLACING SHARES BEING ISSUED REPRESENT APPROXIMATELY 3.0% OF COMPANY’S ISSUED ORDINARY SHARE CAPITAL​ Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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