BRIEF-Sasfin Offers To Repurchase Preference Shares

  • Reuters
  • Stock Market News
BRIEF-Sasfin Offers To Repurchase Preference Shares
Credit: © Reuters.

March 18 (Reuters) - Sasfin Holdings Ltd SFNJ.J :

* OFFER TO ALL OF HOLDERS OF PREFERENCE SHARES TO ACQUIRE ALL OF THEIR PREFERENCE SHARES FOR A CASH CONSIDERATION OF R71.00 PER SCHEME SHARE

* GENERAL OFFER TO ELIGIBLE SHAREHOLDERS, TO ACQUIRE ALL OF PREFERENCE SHARES FOR A CASH CONSIDERATION OF R68.00 PER STANDBY OFFER SHARE

* PROPOSED REPURCHASE WILL COST SASFIN A MAXIMUM OF APPROXIMATELY R127.60 MILLION TO FUND SCHEME CONSIDERATION

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