BRAIT:  1,743   -5 (-0.29%)  24/10/2019 00:00

Brait SE Says BML To Buy 36.4 Mln Pledged Shares From Fleet & Investment Team Borrowers

March 22 (Reuters) - Brait SE:

* CLOSE-OUT OF FLEET

* BML TO BUY 36.4 MILLION PLEDGED SHARES FROM FLEET & INVESTMENT TEAM BORROWERS AT VOLUME WEIGHTED AVERAGE PRICE OF BRAIT SHARES ON LUXSE & JSE

* RELATIVE TO INDICATIVE PURCHASE PRICE OF R25.11, TRANSACTION IS THEREFORE EXPECTED TO BE ACCRETIVE.

* RESOLVED TO BUY THROUGH UNIT BML, PLEDGED CO SHARES HELD AS COLLATERAL FOR INDEMNITY PROVIDED BY BML TO FIRSTRAND, STANDARD BANK OF SOUTH AFRICA Source text for Eikon: Further company coverage:

2019-03-22 07:41:49

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