Remgro offers Grindrod shareholders right to claw back shares – BDPRO

REMGRO has offered qualifying GRINDROD shareholders the non-renounceable right to purchase GRINDROD shares in a claw-back offer, which opened today. The company said this followed the successful equity capital raising of R2.4bn, which included an accelerated book-build offering to qualifying investors on May 9. REMGRO said qualifying shareholders would be given the opportunity to repurchase the GRINDROD shares at the book-build price of R25/share. Acceptances for the claw-back offer close on May 23. This news brief represents a summary of the original article.