Brainworks raises R61.28m on completing rights offer
The group, however, fell short of the R85.80m it said it wanted to raise as announced at the end of August.
The group initially offered 13.20million new ordinary Brainworks shares recorded in the share register at the close of business on September 6, at a rights offer issue price of R6.50 in the ratio of 1 rights offer share for every 6.70691 Brainworks ordinary shares held on the record date.
In the end, about 9.43 million rights offer shares were taken by the investors.
The rights offer, which closed on Friday, represented a discount of approximately 19percent to the closing price of Brainworks shares on the JSE on August 26, the day prior to the release of this rights offer declaration and finalisation announcement on Sens.
Source: iol.co.za
