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Johannesburg - Tiger Brands said on Tuesday it is
launching an accelerated bookbuild placing of 10.327 million ordinary shares of Adcock
Ingram Holdings to global and South African institutional investors.
Deutsche Securities will act as sole global bookrunner for the placing.
The book for the placing will open with immediate effect and pricing and
allocations are expected to be announced as soon as practicable following the closing
of the book.
The proceeds and the placing price will be decided at the close of the
accelerated bookbuilding period following agreement between Tiger Brands and Deutsche
Securities.
Tiger Brands said a further announcement will be made at that time. The timing of
the closing of the book, pricing and allocations may be amended at the absolute
discretion of Tiger Brands and Deutsche Securities.
- I-Net Bridge