Gijima shareholders to back rights offer

Gijima said yesterday that shareholders holding 70% of the company’s ordinary shares had committed to vote in favour of proposed resolutions at a general meeting, that included plans for a renounceable rights offer to raise R150m. The general meeting of shareholders will be held on May 9 in Centurion. A circular with information on the rights offer and the proposed resolutions was posted to Gijima shareholders yesterday.