Omnia falls almost 9% after giving details about rights issue
The company plans to raise R2bn through a share issuance at R20 per share, having previously been criticised for failing to provide details
12 August 2019 - 10:46
Omnia Holdings’ share price slipped as much as 8.6% on Monday morning, after the company announced it would issue 100-million new shares at a hefty 41% discount to Thursday’s closing share price.
The listed chemicals and fertiliser maker had first announced plans to raise R2bn through new shares in May, but was criticised at the time for failing to give any details of either the price or number of shares it intended to issue...
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