BRIEF-Growthpoint Properties Intends To Raise About ZAR 4 Bln Via Share Placing

  • Reuters
  • Stock Market News
BRIEF-Growthpoint Properties Intends To Raise About ZAR 4 Bln Via Share Placing
Credit: © Reuters.

Nov 11 (Reuters) - Growthpoint Properties Ltd GRTJ.J :

* JSE: GRT - PROPOSED PLACING OF NEW ORDINARY SHARES

* GROWTH PROPERTIES - INTENTION TO CONDUCT A CASH PLACING OF AUTHORISED BUT UNISSUED ORDINARY SHARES IN COMPANY

* GROWTH PROPERTIES - INTENTION TO CONDUCT A CASH PLACING TO RAISE APPROXIMATELY ZAR 4 BILLION OF GROSS SUBSCRIPTION PROCEEDS

* GROWTH PROPERTIES - CAPITAL PLAN INCLUDES DISPOSALS OF ZAR1.0 - 1.5 BILLION OF NON-CORE ASSETS WITHIN SOUTH AFRICAN PORTFOLIO IN CURRENT FINANCIAL YEAR

* GROWTH PROPERTIES - CAPITAL PLAN INCLUDES PARTIAL RETENTION OF EARNINGS THROUGH A REDUCTION IN OUR DIVIDEND PAYOUT RATIO

* GROWTH PROPERTIES - PROCEEDS RAISED FROM BOOKBUILD WILL IN PART BE USED TO REPAY DEBT ARISING FROM ACQUISITION

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search