Oppenheimer places shares for De Beers rights issue

Thursday, March 18, 2010

Nicky Oppenheimer, chairman of the De Beers Group, has placed 27.3 million Anglo American shares to serve as security for a loan facility, according to a regulatory filing he submitted to the London Stock Exchange (LSE).

The shares, 70 percent of which are held by E. Oppenheimer & Son International Limited, with the remainder owned by Gartland Limited, were valued at approximately $1 billion (GBP 739.8 million) when the agreement was transacted, based on the closing price in London on March 10.

Oppenheimer serves as a director at Anglo American and owns a 40 percent in De Beers through his family's Central Holdings Group.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Thatayothe Ditlhokwe returns to the pitch

Ditlhokwe returns after long term injury

Larona Makhaiza | 6 h ago

Gov’t limits Limpopo crash victims’ burial attendance

Boikanyo Mathonsi | 7 h ago

Champagne time for Young Stars?

Boitumelo Khutsafalo | 11 h ago

Botswana editors forum calls for greater inclusivity and consultation

Correspondent | 11 h ago

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

Staff Writer | 2d ago

MISA Botswana celebrates World Press Freedom day

Staff Writer | 2d ago

Unlawful wounding turns to murder

Sharon Mathala | 2d ago

Mahalapye suspected copper cable thief nabbed

Pini Bothoko | 2d ago

Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More