RDC to raise P235m for regional expansion

Guido Giachetti
Guido Giachetti

Property development company, RDC Properties plans to raise P235 million through an issue of new linked units to shareholders to help fund its expansion plans across the Southern African region.

The company this week revealed it intends to raise the capital by way of a bonus issue as well as by way of a renounceable rights offer.

The price at which the new linked units will be offered will be P2.25 for both the bonus issue and the renounceable rights offer. A bonus issue is an issue of additional shares to shareholders instead of a dividend, in proportion to the shares already held. A rights issue is an offer for shareholders to buy additional securities in a company made to the company’s existing security holders.

Editor's Comment
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We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...

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