Results of CFX Rights offer
By Staff on Dec 21, 2009 with Comments 0
The ordinary rights offers shares subscribed were 198,556,871 and the subscription was very low at 1.4 percent.
This meant that the percentage under subscription was 98.6%
Ordinary shares issued to under writer 6 ,712,518,015
Preference shares issued to under writer 6 ,992,897,326
Following a 98,4% under subscription of the CFX Financial Services rights offer, the underwriter Interfin Holdings Limited has taken
possession of the bank as they now take up the undersubscribed shares. Interfin got 6,712,518,015 shares that were
undersubscribed to give them a controlling stake in CFX of 51%. In addition the underwriter got a further 6,992,897,326 preference shares.
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