Royal Bafokeng Holdings buys Dis-Chem stake enca.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from enca.com Daily Mail and Mail on Sunday newspapers.
Royal Bafokeng, Black Panther group buy stakes in Dis-Chem news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
RBH to invest R500m in Transaction Capital, acquire further 12.4 million shares
Transaction Capital SENS statement:
Royal Bafokeng Holdings (RBH) was introduced as a strategic shareholder in Transaction Capital during November 2020 (as reported in the FY20 results announcement).
`We are pleased to announce RBH’s intention to invest R500 million into the group as a long-term strategic shareholder. 12 million Transaction Capital shares, representing approximately 1.8%, were acquired via a secondary purchase in the market on 20 November 2020. RBH is expected to increase its stake by subscribing for a further 12.4 million shares in January 2021, subject to shareholder approval. A circular to shareholders and notice of general meeting in this regard will be distributed in due course.`