JSE Approves 55.7Mn Supplemental Listing for FosRich

  • The Listing Committee of the JSE approved FosRich’s application for a supplemental listing of 55,729,647 ordinary stock units (the New Ordinary Shares) that were issued according to the Company’s Rights Issue.
  • The New Ordinary Shares will commence trading on Friday, September 15, 2023.
  • Accordingly, commencing from Friday, September 15, 2023, the total issued ordinary stock units of FOSRICH listed on the JSE’s Junior Market will increase to 5,078,485,197.
  • FosRich’s successful raise of $139Mn from the rights issue will be instrumental in completing phase two of its 30,000-square foot fulfilment centre on Molynes Road.

(Source:  JSE)