Whats this mean for the current share price? Capitec Bank Holdings intends issuing up to 4,644,952 new ordinary shares of one cent each. The placing will be used to facilitate an increased footprint in SA, increase the client base, and grow the loan book while managing capital requirements. The placing is being conducted through a bookbuilding process to be carried out by Merrill Lynch International, which is acting as sole lead manager and bookrunner in relation to the placing. The book will be open for no longer than two days, and is expected to close on Tuesday, November 1 at 16:00 London time or 18:00 Johannesburg time.
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