SFN SFNP
SFN
Sasfin completes a second R100-Million Preference Share Issue
SASFIN HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 1987/002097/06
("Sasfin Holdings")
Share code: SFN & ISIN ZAE000006565
Share code: SFNP & ISIN ZAE000060273
SASFIN COMPLETES A SECOND R100-MILLION PREFERENCE SHARE ISSUE
Sasfin Holdings has raised another R100 million from the issue of 905 000
preference shares to investors at an issue price of R110.50 per share, paying an
effective preference dividend rate of 70% of prime.
Sasfin CEO Roland Sassoon says the purpose of the preference share issue is to
raise capital for investment in private equity opportunities, which has been
identified as a major growth area for the group going forward.
The shares are of the same class and rank in every respect alongside the
existing non-redeemable, non-cumulative, non-participative preference shares
listed under the JSE sector Specialist Securities - Preference Shares. The new
shares will be listed from Friday, 9 June 2006.
Sassoon says the fact that the issue was fully subscribed at an effective
dividend rate of 70% of prime, compared to the previous preference share issue
in 2004 at 75% of prime, is a resounding endorsement by investors.
Ends
ISSUED FOR : SASFIN HOLDINGS LIMITED
CONTACT : Roland Sassoon Tel: 011 809 7500
FAX NO : 011 887 6167
E-MAIL : agreenstein@sasfin.com
WEBSITE : www.sasfin.com
ISSUED BY : TISH STEWART PR ASSOCIATES
CONTACT : Tish Stewart 011 325 4195 / 082 443 6399
FAX NO : 011 325 4199
E-MAIL : tish@tspr.co.za
DATE : 07 June 2006
Date: 08/06/2006 08:31:03 AM Produced by the JSE SENS Department
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