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Super Group rights offer 100.4% subscribed for

26 Nov 2009

Super Group said on Tuesday, 24 November 2009, that its rights offer was 100.4% subscribed for and the subscription consideration received from public subscriptions is R1.227-billion 22.7% in excess of the expected proceeds of R1-billion.

In terms of the rights offer, some 2.728 billion shares in the authorised but unissued share capital of Super Group were offered for subscription to shareholders in the ratio of 410 rights offer shares for every 100 Super Group shares held on the record date at an issue price of 45c per rights offer share.

The offer closed on Friday, 20 November 2009.

The company said given that rights offer shares in excess of the underwritten rights offer shares were taken up by Super Group shareholders, the underwriters will not be allocated any rights offer shares.

Published courtesy of