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Super Group fully-underwritten rights offer goes ahead

15 Sep 2015

Transport and logistics group Super Group said its fully-underwritten renounceable rights offer of R900 million was "unconditional" and ready to be implemented.

markusspiske via pixabay

In terms of the offer, Super Group will offer a total of 35 million rights offer shares at a price of R25.70 each, in the ratio of 11.70057 rights offer shares for every 100 existing shares held on the record date for the rights offer, being September 25.

"Shareholders are advised that the rights offer is unconditional and accordingly the Rights Offer may now be implemented," Super Group said in a statement.

Shareholders may commence trading the rights offer shares on October 5, it said.

Source: INET BFA

Source: I-Net Bridge

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