In a deal that highlights our long-term partnership approach with clients, Rand Merchant Bank is proud to have acted as financial adviser and bookrunner on RBPlat’s R1.5-billion equity capital raising. The capital was raised through the innovative combination of a R700-million Accelerated Bookbuild Offering (ABO) and an R800-million rights offer, which satisfied the requirements of existing major shareholders, but also realised RBPlat’s ambitions to improve free-float and liquidity in its shares. The equity capital raising was extraordinarily successful with both the ABO and rights offer multiple times over-subscribed.
