The following are the results of the Truworths Limited Rights Offer which closed on 9 August 2023.
Number of Rights Offer shares
384 067 512
Ordinary Rights Offer Shares subscribed
345 971 161
Percentage Subscription
90.1%
Percentage taken by the Underwriter
9.9%
Ordinary Shares issued to the Underwriter
38 096 351
Amount raised by the Rights Issue
ZWL$2,227,591,570
The shares are to be issued and listed on the Zimbabwe Stock Exchange on Monday 21 August 2023.
By Order of the Board
B. M. Chibanda
Company Secretary
18 August 2023
Directors: M. P. Mahlangu (Chairman), B. Ndebele (C.E.O), B. H. Henderson, F.K. Khan, L. Mabhiza, W. Matsaira, A. B. Miek, S. M. Takaendisa
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Truworths Ltd. published this content on 21 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2023 07:22:03 UTC.
Truworths Limited specializes in the design, manufacturing and marketing of clothes and accessories for men and women. Net sales break down by activity as follows:
- retail distribution of clothes and accessories (98.6%): Nine West, Guess, Ka'yanda, Bertha Jackson, Black Opal, Dior, Pierre Cardin, Thomas & Beno, Daniel Italy, Hi-Tec, Truworths, Bvlgari, Arrow, Caballero and Pringle brands;
- manufacturing of clothes and accessories (1.4%): clothes (pants, shorts, skirts, tops, dresses, suits, jackets, etc.), accessories (bags, shoes, belts, jewelry, watches, perfumes, etc.) and lingerie.
TRUWORTHS LIMITED 
