OLD Mutual has increased its shareholding in RioZim from 20 percent to 29,6 percent after sub-underwriting the mining company's US$5 million rights issue. RioZim floated 10 million rights issue shares and shareholders subscribed 60,63 percent of the shares, resulting in Old Mutual taking up 39,36 percent of the unsubscribed shares.
"The unsubscribed rights offer shares have been taken up by the sub-underwriter, Old Mutual Life Assurance Company Zimbabwe Limited," RioZim said in a statement.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article