Hyprop capital raise 2.4 times oversubscribed

Posted On Tuesday, 08 May 2018 22:18 Published by
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JSE specialist shopping centre REIT, Hyprop, today announced the results of a successful bookbuild which was 2.4 times oversubscribed, raising R782.6 million.

Pieter_Prinsloo_Hyprop_CEO

In light of strong demand, the bookbuild was increased to 7 453 238 shares, priced at ZAR105.00 per share, representing a 4.9% discount to the 30 business day VWAP.

 CEO Pieter Prinsloo says: “In the short term the proceeds will be used to reduce debt and will provide Hyprop with the headroom for future acquisitions and corporate activity.”

Last modified on Tuesday, 08 May 2018 22:24

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