CAPE TOWN - Adrenna Property Group will make a R1.30 per share cash offer to shareholders ahead of a plan to delist, because onerous JSE requirements have allegedly stymied its growth. The R1.30 represents a 63.2percent premium to the 30-day volume average traded price on the JSE up to June 25 and a 35.1percent premium to the 30-day average of 96.25cents per share up to August 15. The share price opened at R1 and was untraded most of the day.
A listing had also not enhanced the marketability of its shares or market image because of the company’s relatively small size, management said. The company said shareholders holding 36.88percent of the shares had agreed to approve the scheme, with shareholders holding more than 60percent opting to retain their shares after the delisting.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Assets managed by black-owned firms surge 18% to R579bn | IOL Business ReportThe 27four Investment Managers’ 2019 edition of BEE.conomics showed that assets managed by black firms surged 18% from last year to R579 billion. busrep
Fuente: IOL - 🏆 46. / 51 Leer más »
Tekkie Town vendors in new win over Steinhoff | IOL Business ReportFormer Tekkie Town executives have claimed another victory over Steinhoff International after the Western Cape High Court ruled in their favour.
Fuente: IOL - 🏆 46. / 51 Leer más »
State Capture Rot: R2.1bn has been recovered so far, says Gordhan | IOL Business ReportSouth Africans can breathe a sigh of relief for now. According to Public Enterprises Minister Pravin Gordhan, the State has recovered more than R2.1 billion from 'irregular' contracts. busrep
Fuente: IOL - 🏆 46. / 51 Leer más »
Sars places another executive on precautionary suspension | IOL Business ReportSars placed executive Mmamathe Makheke-Mokhuane on precautionary suspension pending the finalisation of a disciplinary process in respect of serious allegations of misconduct. busrep
Fuente: IOL - 🏆 46. / 51 Leer más »
Samwu distances itself from agreement signed with Joburg mayor | IOL Business ReportSA's biggest municipal union said the agreement signed by Johannesburg Mayor Herman Mashaba and unions was invalid and illegal as it prevented workers from embarking on a strike. busrep
Fuente: IOL - 🏆 46. / 51 Leer más »
Consumers should exercise care despite new debt-relief law | IOL Business ReportThe country’s leading and largest debt counsellor, DebtBusters, says consumers should be sensible in taking on further debt.
Fuente: IOL - 🏆 46. / 51 Leer más »