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Mix-Ansicht- S Africa Harmony Gold Raises $112 Million On Share Placement - Pancho, 30.04.2002, 15:59
S Africa Harmony Gold Raises $112 Million On Share Placement
S Africa Harmony Gold Raises $112 Million On Share Placement
JOHANNESBURG -(Dow Jones)- Harmony Gold Mining Co. Ltd. (HGMCY) said Tuesday that it has raised $112.0 million through the successful placement of 8.5 million ordinary shares at a price of $13.20 a share, which it says will be used to retire offshore debt of approximately $95 million.
In a statement, the company said the international issue of 8,500,000 new ordinary shares was determined following a book-building process which commenced at the close of business Monday, and closed prior to the commencement of business Tuesday.
"Financing our growth activities offshore has always been subject to exchange control regulations which has resulted in the company having to raise debt offshore," said Bernard Swanepoel, Harmony's chief executive.
"To enable the company to continue with its strategy of growth through acquisitions, it was necessary to redeem our dollar-denominated offshore liabilities," Swanepoel said, adding that the company is well placed to continue with its strategy of creating shareholder value locally and outside South Africa.
Harmony said the shares will be listed on the JSE Securities Exchange, and that an application will be made for the listing of Harmony shares on the Official List of the U.K. Listing Authority and for admission to trading on the London Stock Exchange.
An application is also expected to be made for a listing of Harmony's shares on the Premier March of the Euronext Paris, Harmony said.
Around 1050 GMT on the JSE Securities Exchange, Harmony was trading down ZAR6.40, or 4.4%, at ZAR140.60. Harmonmy is South Africa 's third biggest gold producer.
Quelle: Yahoo.com
Da sind die bullion banks aber froh. Auch wenns nur ein Tropfen auf den heissen Stein ist.
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