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Johannesburg - Capitec Bank Holdings [JSE:CPI] intends issuing up to 4 644 952 new ordinary shares of 1c each. The placing will be used to facilitate an increased footprint in SA, boost its client base and grow the loan book while managing capital requirements.
The placing is being conducted through a bookbuilding process to be carried out by Merrill Lynch International, which is acting as sole lead manager and bookrunner in relation to the placing.
The book will be open for no longer than two days, and is expected to close on Tuesday, November 1 at 16:00 London time or 18:00 Johannesburg time.
Capitec shares fell 3.2% to R184 on Monday morning on the JSE Top 40 - (Tradeable) [JSE:J200].
The placing is being conducted through a bookbuilding process to be carried out by Merrill Lynch International, which is acting as sole lead manager and bookrunner in relation to the placing.
The book will be open for no longer than two days, and is expected to close on Tuesday, November 1 at 16:00 London time or 18:00 Johannesburg time.
Capitec shares fell 3.2% to R184 on Monday morning on the JSE Top 40 - (Tradeable) [JSE:J200].
