BRIEF-Foschini Group Says Received All Necessary Approvals To Implement Rights Offer

  • Reuters
  • Stock Market News
BRIEF-Foschini Group Says Received All Necessary Approvals To Implement Rights Offer
Credit: © Reuters.

July 16 (Reuters) - Foschini Group Ltd TFGJ.J :

* THE FOSCHINI GROUP LTD - RECEIVED ALL NECESSARY APPROVALS TO IMPLEMENT RIGHTS OFFER

* THE FOSCHINI GROUP LTD - RIGHTS OFFER WILL CONSIST OF AN OFFER OF 94.3 MILLION RENOUNCEABLE RIGHTS TO SUBSCRIBE FOR NEW TFG ORDINARY SHARES

* THE FOSCHINI GROUP LTD - RIGHTS OFFER IN RATIO OF 40 RIGHT OFFER SHARES FOR EVERY 100 TFG ORDINARY SHARES HELD BY TFG SHAREHOLDERS

* THE FOSCHINI GROUP LTD - OFFERED FOR A SUBSCRIPTION PRICE OF R41.90 PER RIGHTS OFFER SHARE

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  • Mike Shield @Mike Shield
    And, can I buy more than 410 @ 41.90, if there is excess?
    Like 0
  • Mike Shield @Mike Shield
    So based on my 1043 shares, I qualify for roughly 410 shares at the discounted price
    Like 0
  • Mike Shield @Mike Shield
    How/ where and when can I buy shares at R41.90?I currently have 1043 shares which I bought via the Easy Equities platformMike Shield
    Like 0