PHARMACEUTICALS
After announcing its decision to list on the Johannesburg Stock Exchange (JSE) earlier this month, South African pharmacy group Dis-Chem on Friday revealed that it expected to start trading on the JSE’s main board on November 18, under the food and drug retailers sector.
The JSE has granted Dis-Chem a listing of up to 866-million ordinary shares, with the company offering its ordinary shares through a private placement. Each share will trade between R16.25 and R20.25 apiece, with up to 238-million, or 27.5% of issued share capital, offered.
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