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Rebosis to raise R650m in rights offer

Dec 18 2012 11:52 I-Net Bridge

(Supplied)

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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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