Atlantic Leaf Properties raise R175m in private placement

Posted On Monday, 07 April 2014 12:42 Published by
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Atlantic Leaf Properties says it has raised GBP10m by issuing 10-million shares at GBP1 a share.

 Paul Leaf-Wright

Atlantic Leaf Properties‚ which will list on the JSE's AltX on Friday‚ said last Friday it had raised £10m (R175m) by issuing 10-million shares at £1 a share.

The proceeds raised from the private placement bring the total capital raised for the listing to £15.293m.

The Mauritius-based and listed company said last month that its strategy was to invest in listed and unlisted real-estate companies‚ as well as in its own portfolio of fixed-property assets.

Last modified on Monday, 07 April 2014 15:08

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