Shareholders voted 99.8% in favour of a proposed rights offer as the group considers new acquisitions and seeks to weather Covid-19
Curro Foundation School in Roodeplaat, Kameeldrift North of Pretoria. File Picture: TSHEPO KEKANA/SUNDAY WORLD
Shareholders voted 99.98% in favour of the rights offer, which Curro said in June would see the issuance of about 185.8-million shares at a subscription price of R8.07 per share. Curro said in June it was considering new acquisitions, while the capital raise would also be “prudent” due to the uncertainty generated by Covid-19.
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