Co. mandates syndicate of banks comprising Standard Bank of South Africa, Nedbank, Absa Bank, Rand Merchant Bank to lead proposed rights-offer process.
* Standard Bank of South Africa named sole global coordinator
* Joint bookrunners provided standby underwriting commitment of 4b rand in relation to proposed rights offer
* Co. targets posting of circular during wk of June 27 to convene shareholders’ extraordinary general meeting to approve necessary resolutions required to implement rights offer toward end-July
* NOTE: June 24: PPC Gets Bank Guarantees of 2 Billion Rand to Redeem Bonds. Source: Bloomberg