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Discovery Ltd (DSYJ.J)

DSYJ.J on Johannesburg Stock Exchange

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Fri, Nov 9 2018

S.Africa's Discovery to issue 11.4 mln shares to buy out FirstRand JV stake

JOHANNESBURG, Nov 9 South Africa's Discovery Ltd said on Friday it will issue 11.4 million shares to fund the acquisition of FirstRand's stake in their credit card joint venture, a condition for the launch of its planned Discovery Bank.

South Africa's Discovery to raise $132 mln in new share issue

JOHANNESBURG, Nov 8 South Africa's Discovery Ltd said on Thursday it will issue about 10.9 million new shares to qualifying investors in order to raise 1.85 billion rand ($132 million) to help fund an acquisition of a stake and assets in soon to be launched Discovery bank.

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