Curro raises R1.5bn through rights offer

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Most shareholders take up stock, with PSG increasing majority stake

The Curro Foundation School in Roodeplaat, Kameeldrift, north of Pretoria. File picture: SUNDAY WORLD/TSHEPO KEKANA

PSG, which held 55.4% of Curro before the rights offer, was the partial underwriter in the issuance of about 185.8-million shares at R8.07 per share.Small Talk Daily’s Anthony Clark, adding that it is unsurprising some shareholders stayed away.

 

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