Transaction Capital to list WeBuyCars separately on the JSE
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GUEST – The Finance Ghost – Retail Analyst
Transaction Capital is moving ahead with its planned unbundling and separate listing of its WeBuyCars (WBC) business on the main board of the JSE – a move that saw its share price surge over 10% in morning trade on Wednesday.
“Shareholders are hereby advised that the board has in principle resolved to pursue the unbundling… The construct of the unbundling is yet to be finalised. If approved by the board, the unbundling will be implemented, subject to the fulfilment [or where permissible, waiver] of the unbundling conditions which are standard for transactions of this nature,” it said.
Transaction Capital is moving ahead with its planned unbundling and separate listing of its WeBuyCars (WBC) business on the main board of the JSE – a move that saw its share price surge over 10% in morning trade on Wednesday.
“Shareholders are hereby advised that the board has in principle resolved to pursue the unbundling… The construct of the unbundling is yet to be finalised. If approved by the board, the unbundling will be implemented, subject to the fulfilment [or where permissible, waiver] of the unbundling conditions which are standard for transactions of this nature,” it said.
