JSE-listed Global Technology Limited today released further details of its rights offer. Shareholders will receive the rights to subscribe for additional shares in Global Technology, on the basis of six rights shares for every 100 Global Technology shares, for subscription at 80 cents per rights share.
The number of shares offered is 24 644 234 new Global Technology shares, with the total amount of R19 715 387 to be raised, before expenses. The number of shares in issue after the rights offer will be 435 381 473 ordinary Global Technology shares.
The last day to trade for the rights offer, in order to settle by the record date and to qualify to participate in the rights offer (cum entitlement), is Friday 12 April 2002, for settlement by Friday 19 April 2002.
Global Technology is the leading supplier of software solutions to the banking, insurance and financial communities in Africa and Australia.
For further information on Global Technology visit www.glotec.com
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