BRIEF-Greenbay Properties says to raise about 1.1 bln rand via share issue

  • Reuters
  • Stock Market News
BRIEF-Greenbay Properties says to raise about 1.1 bln rand via share issue

May 30 (Reuters) - Greenbay Properties Ltd GFP.MZ :

* Announces an equity raising through issue of new ordinary shares

* Maximum equity that greenbay can raise is approximately zar1.1 billion

* Equity raise will be offered to qualifying investors through an accelerated book build process conducted on jse and sem

* Pricing and allocations will be announced as soon as practicable following closing of book build

* Proceeds from equity raise will be invested in line with greenbay's investment policy

* Book build is now open and company reserves right to close it at any time Source text for Eikon: ID:nJsed0005a Further company coverage: GFP.MZ

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