Barclays to Sell Around 63 Million Shares in Absa Group in Bookbuild Placing
April 20 2022 - 11:54AM
Dow Jones News
By Joe Hoppe
Barclays PLC said Wednesday that it intends to sell around 63
million shares in Absa Group Ltd. through an accelerated bookbuild
placing, opening with immediate effect.
The U.K. bank said that the final number of shares to be placed
and the price per share will be agreed upon by Barclays and the
other banks acting as co-bookrunners will be agreed on at the close
of the process.
Shares in Absa in Johannesburg at 1515 GMT stood at 177.0 South
African rand ($11.81).
The 63 million shares on offer represent around 7.4% of
financial services company Absa's issued share capital, and will be
offered to institutional investors.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
April 20, 2022 11:39 ET (15:39 GMT)
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