Bond Exchange Of South Africa Successfully Completes R80.8 Million Rights Issue

The Bond Exchange of South Africa Limited (BESA) is pleased to announce the final shareholder and underwriter allocations following its annual general meeting on Monday, 29 September in Johannesburg. Garth Greubel, BESA’s Chief Executive, explains, “At the AGM last week, shareholders voted overwhelmingly in support of our capitalisation. Having 98% of votes cast in favour of the Rights Issue indicates solid market support for our growth strategies which will guide and shape the future of our business.” After the allocation and transfers to underwriters, 49.2% of BESA’s share capital will be held by: Investec Group (15%), New Zealand Exchange Limited (22%), Purple Capital Limited (5.3%) and Standard Bank Corporate and Investment Banking (6.9%). This equates to just over R66.2 million from the underwriters with the... [read full story]