Brait raises R1.5bn in fully subscribed rights offer
Proceeds will be used as part of Brait’s recapitalisation strategy aimed at reducing debt and fortifying its balance sheet
12 August 2024 - 10:39
Brait has successfully completed its rights offer, raising R1.5bn through a fully subscribed issue of shares.
The offer closed last week Thursday, with shareholders taking up the entire 2.5-billion shares available at R0.59 per share, a 25% discount to the theoretical ex-rights price...
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