York Timbers growth strategy rests on the success of its R250m rights offer

The partially underwritten rights issue is expected to increase working capital and liquidity to ensure sufficient headroom for strategy implementation

23 December 2022 – 10:36 Michelle Gumede

After opening its partially underwritten R250m rights offer to shareholders on Monday, York Timbers’ future plans to fuel its growth strategy now rest on how many shareholders will follow their rights.

Shareholders have until January 6 to participate in the process, with rights offered at a ratio of 43 shares for every 100 York shares owned, at a price of R1.75 per share…

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