Business

York Timbers raises R250m in fully subscribed rights offer

0

Shares still fall 6.4%, the most in a month, despite ‘overwhelming support’ from shareholders

09 January 2023 – 18:47 Garth Theunissen

York Timbers has successfully raised R250m in a fully subscribed rights offer approved by the firm’s board in early December.

The JSE-listed forestry and sawmill company raised the fresh capital from qualifying shareholders at a subscription price of R1.75 per rights offer share. That equates to a 33.87% discount to the 30-day volume weighted average price of R2.65 per share on December 1, the day before the offer was approved by the company’s board…

Source

Apple’s AR glasses project on hold due to technical challenges

Previous article

Uganda: Budget Committee wants firm policy on cargo handling

Next article

You may also like

Comments

Comments are closed.

More in Business