Oryx rights issue over-subscribed

It was announced earlier this year in October on the Stock Exchange News Service that Oryx Properties Limited would proceed with a rights offer to raise cash of N$170,629,192.50. The rights offer opened on Monday, 28 October 2013 and closed on Friday, 15 November 2013. Oryx offered for subscription to Oryx unit holders a total of 11,008,335 new Oryx linked units at a subscription price of N$15.50 per right in proportion to their holding in Oryx on the initial record date (Friday, 25 October 2013).