Vukile Property Fund Limited raises R1,1bn through oversubscribed Accelerated Book Build

Posted On Wednesday, 22 April 2015 12:43 Published by
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Vukile Property Fund Limited had proposed an equity raise of approximately R750 million through the issue of new shares.

 

Laurence Rapp Vukile CEO

In light of strong demand, the amount of capital raised was increased from R750 million to R1.1 billion through the placing of an aggregate of 58 323 798 new shares. Of the R1.1 billion of capital raised, R850 million was raised pursuant to the accelerated bookbuild process at R19.00 per share and R250 million was raised by way of placement with the Encha SPV at R18.40 per share in terms of the Encha equity funding platform arrangements. 

Subject to approval by the JSE, listing and trading of 58 323 798 new shares is expected to commence at 09:00 on Monday, 4 May 2015.

 

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