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Vukile book build closed, oversubscribed

7th May 2013

By: Idéle Esterhuizen

  

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JSE-listed property loan stock company Vukile has closed its accelerated book build after strong demand resulted in it having been oversubscribed by some R150-million.

This resulted in the company raising R400-million instead of the initially planned R250-million.

The equity raise was offered to selected investors through an accelerated book build process and was subject to a minimum application of R1-million per investor. 

The new Vukile linked units to be issued pursuant to the accelerated book build process have been priced at R19.50 apiece. A total of 20.51-million new Vukile linked units were expected to be issued and listed on May 16.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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