February 9, 2015 / 10:37 AM / 3 years ago

BRIEF-Nutritional Holdings raises additional 5 mln rand via share issue

Feb 9 (Reuters) - Nutritional Holdings Ltd

* Raised an additional R5 million by way of a general issue of shares for cash, which together with Philisani BEE subscription brings total cash raised to r15 million

* Fulfils board’s refunding requirement to fully implement company’s turnaround strategy

* Funds raised will be utilised in operations of company, but more specifically to purchase two new extrusion lines as well as automated packing machinery

* Remainder of funds will be utilised to bolster working capital to fund management’s anticipated increase in turnover levels Source text for Eikon: Further company coverage:

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