February 26, 2018 / 10:47 AM / 3 months ago

BRIEF-Imbalie Beauty Says ‍Underwriters Agreed To Rights Offer From R10 Mln To R15 Mln Upon Same Conditions In Rights Offer Circular​

Feb 26 (Reuters) - Imbalie Beauty Ltd:

* ‍UNDERWRITERS AGREED TO FULLY UNDERWRITE RIGHTS OFFER FROM R10 MILLION TO R15 MILLION UPON SAME TERMS AND CONDITIONS AS IN RIGHTS OFFER CIRCULAR​

* ‍RIGHTS OFFER WAS FULLY UNDERWRITTEN BY BRITS ENGINEERING INDUSTRIES PROPRIETARY LTD, HOLISTICS REMEDIES PROPRIETARY LTD, SA MADIBA INVESTMENTS​

* ‍UNDERWRITERS AGREED TO UNDERWRITE ALLOTMENT AND ISSUE OF 750 MILLION NEW ORDINARY NO PAR VALUE SHARES AT SUBSCRIPTION PRICE OF 2 CENTS PER RIGHTS SHARE​ Source text for Eikon: Further company coverage:

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