Advertise Here
Icon

Directory

IconAlternative Investments
IconAsset Managers
IconAssociations and Institutes
IconBBBEE Consulting and Verification Agencies
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconFinancial Planners
IconInvestment Consulting
IconLinked Investment Service Providers
IconListed Equities
IconOmbud
IconOnline Share Trading
IconParticipation Bond Managers
IconProperty Unit Trusts
IconPublications
IconRegulatory Authorities
IconStock Exchange
IconUnit Trust Fund Managers
IconWellness Programs
Advertise Here
  Subscribe To »

Sasfin completes a second R100-million preference share issue

Published

2006

Wed

07

Jun

 
Sasfin Holdings has raised another R100 million from the issue of 905 000 preference shares to investors at an issue price of R110.50 per share, paying an effective preference dividend rate of 70% of prime. Sasfin CEO Roland Sassoon says the purpose of the preference share issue is to raise capital for investment in private equity opportunities, which has been identified as a major growth area for the group going forward. The shares are of the same class and rank in every respect alongside the existing non-redeemable, non-cumulative, non-participative preference shares listed under the JSE sector Specialist Securities – Preference Shares. The new shares will be listed from Friday, 9 June 2006. Sassoon says the fact that the issue was fully subscribed at an effective dividend rate of 70% of prime, compared to the previous preference share issue in 2004 at 75% of prime, is a resounding endorsement by investors.
 
Source: TISH STEWART PR ASSOCIATES
 
« Back to previous page Print this page » |
 

Breaking News »

FNB announces TaxTim as a new eBucks Rewards partner

FNB has announced a new partnership with online tax solution firm TaxTim, the latest partner to join its eBucks Rewards programme. FNB and RMB Private Bank customers can now earn up to 50% of the cost of their ...
Read More »

  

Want to withdraw retirement funds on emigration? National Treasury and SARS say try again in 3 years' time

            by Joon Chong, Partner & Wesley Grimm, Associate at Webber Wentzel   The National ...
Read More »

  

Why female investors are on the rise

Research shows that certain gender-based qualities give women a natural advantage in long-term investing. Stonehage Fleming Investment Management in South Africa reported a 35% rise in female investor clients over ...
Read More »

  

SOUTH AFRICAN WOMEN’S INDIVIDUALISED FINANCIAL JOURNEY

Balancing work and home life has always been challenging, but our new normal has had an even greater impact on our personal lives, affecting our families, livelihoods, well-being and health. As women in South Africa, ...
Read More »

 

More News »

Image

Healthcare »

Image

Life »

Image

Retirement »

Image

Short-term »

Advertise Here
Advertise Here

From The Glossary »

Icon

Funded Pension Fund:

A pension fund in which all liabilities, including payments to be made to pensioners in the immediate future, are completely funded.
More Definitions »

 

Advertise

 

eZine

 

Contact IG

 

Media Pack

 

RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2020. All Rights Reserved.