African Rainbow Capital (ARC) Investments has finalised its fully committed and underwritten pro rata non-renounceable rights offer to raise R750-million, less expenses of the rights offer of about R3.5-million. The rights offer involves 272.72-million ARC Investments ordinary shares at a price of R2.75 apiece, in the ratio of 26.09711 rights offer shares for every 100 existing ARC Investments ordinary shares held on the record date for the rights offer, being September 25.
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