Pick N Pay Announces Placement Of 57.3 Million Boxer Shares

About this update from Boxer Retail Limited

Pick N Pay Stores Ltd JSE:PIK:RESULTS OF SUCCESSFUL PLACEMENT OF BOXER RETAIL LIMITED ORDINARY SHARESPICK N PAY WILL CONTINUE TO HOLD APPROXIMATELY 53.1% OF BOXER'S TOTAL ISSUED ORDINARY SHARESSUCCESSFUL PLACEMENT OF 57.3M BOXER ORDINARY SHARES , REPRESENTING ABOUT 12.5% OF TOTAL ISSUED ORDINARY SHARES OF BOXERPLACEMENT SHARES WERE PLACED AT A PRICE OF R82.00 PER SHAREPLACEMENT RAISED PROCEEDS OF ZAR4.7 BILLION FOR PICK N PAYINTENDS TO DEPLOY NET PROCEEDS FROM PLACEMENT TO SUPPORT ONGOING IMPLEMENTATION OF ITS TURNAROUND PLAN AND GROWTH STRATEGY

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