Assore share price jumps 80% on shareholder buyout
The company says it plans to buy out minority shareholders and de-list from the JSE
10 March 2020 - 16:43
Mining group Assore’s share price surged by more than 80% on Tuesday after it announced its plans to buy out minority shareholders and de-list from the JSE.
The company, which has been listed on the JSE for 70 years, said on Monday evening that it would buy out its minority shareholders for R320 per share, for a total consideration of R7.8bn. Minorities hold 17.4% of the Assore’s shares. At 3.47pm the share was trading at R313, up 81.43%, after it closed Monday at R172.80...
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