Capital & Counties raise R4.5bn

Posted On Thursday, 15 May 2014 18:30 Published by
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Capital & Counties raises GBP258m through the issuing of 75.9m new ordinary shares of 25p each.

Ian Hawksworth CAPCO

Property group Capital & Counties (CCO) has raised £258m through the issuing of 75.9m new ordinary shares of 25p each.

Shares have been issued at 340p per placing share and rand placing shares at R59.10. They represent approximately 9.99% of the issued ordinary share capital. The issue price of the sterling placing was at a discount of 2.6% to the closing share price on May 13.

Last modified on Friday, 16 May 2014 00:23

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