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BRIEF-Tower says to raise up to 820 mln rand via issuance of new shares
May 24, 2016 / 1:16 PM / a year ago

BRIEF-Tower says to raise up to 820 mln rand via issuance of new shares

May 24 (Reuters) - Tower :

* Will be proposing equity capital raise of up to r820 million through issue of new tower shares, at an issue price of 8 rand per share

* Equity raise will be offered to qualifying investors through a bookbuild process conducted on jse

* Applications will be subject to a minimum subscription amount of r1 million per applicant.

* Java capital is acting as sole bookrunner. Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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