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Johannesburg - Capitec Bank Holdings [JSE:CPI] has raised R798.9m by way of a placing of 4 644 952 new ordinary shares of 1c each.
The placing, which was completed on Tuesday, represented 4.91% of the number of the existing ordinary shares of the company before the placing and 4.68% of the number of the combined existing ordinary shares after the placing.
The placing was effected at R172 per share - a 7.60% discount to the 30 business day volume weighted average traded price of ordinary Capitec shares as at close of business on November 1 2011.
Merrill Lynch International acted as sole lead manager and bookrunner in relation to the placing.
Capitec proposes to use the net proceeds to increase its footprint in South Africa, boost the client base and grow the loan book while managing capital requirements, it said.
The placing, which was completed on Tuesday, represented 4.91% of the number of the existing ordinary shares of the company before the placing and 4.68% of the number of the combined existing ordinary shares after the placing.
The placing was effected at R172 per share - a 7.60% discount to the 30 business day volume weighted average traded price of ordinary Capitec shares as at close of business on November 1 2011.
Merrill Lynch International acted as sole lead manager and bookrunner in relation to the placing.
Capitec proposes to use the net proceeds to increase its footprint in South Africa, boost the client base and grow the loan book while managing capital requirements, it said.
