Prudential Portfolio Managers (Pty) Ltd and Orthogonal Investments (Pty) Limited have agreed to subscribe for R20 million and R17 million respectively, thereby collectively committing R37 million to the rights offer.
Coronation Asset Management (Pty) Ltd has agreed to partially underwrite the offer to the extent of R113 million. Sovereign will offer 31,578,947 shares to shareholders at 475 cents a share.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
