Johannesburg - Rebosis Property Fund [JSE:REB] said on
Tuesday it planned to raise R650m through a rights offer to strengthen its
balance sheet.
Shareholders will be offered a total of about 58 million new
Rebosis linked units at a ratio of 23.29370 new Rebosis linked units for every
100 linked units held by them on January 11 2013.
The subscription price for rights-offer linked units is
R11.20 per rights offer linked unit.
Rebosis has received irrevocable undertakings from existing
linked unitholders to participate in the rights offer in an aggregate amount of
about R343m.
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