Growthpoint Properties said on Monday that its renouncebale rights offer to raise R1.742 billion was now unconditional.

It said the listing of the rights offer units to be allotted and issued has been granted by the JSE.

The company intends to issue of 128 092 620 new Growthpoint linked units at a price of 1 360 cents per linked unit in the ratio of 10 Rights Offer Units for every 100 Growthpoint linked units currently in issue.

Source: I-Net Bridge