{"id":283128,"date":"2018-11-09T09:53:08","date_gmt":"2018-11-09T07:53:08","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=283128"},"modified":"2018-11-09T09:53:24","modified_gmt":"2018-11-09T07:53:24","slug":"discovery-on-the-threshold-of-starting-its-banking-unit-after-fully-subscribed-bookbuild","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/283128\/discovery-on-the-threshold-of-starting-its-banking-unit-after-fully-subscribed-bookbuild\/","title":{"rendered":"Discovery on the threshold of starting its banking unit after fully subscribed bookbuild"},"content":{"rendered":"<p>Discovery Ltd\u2019s successful R1.85 billion ($131 million) bookbuild puts it on the threshold of starting its banking unit.<\/p>\n<p>The medical insurer and financial services business will issue 11.4 million new shares at R162 per unit, representing a 2% premium to Discovery\u2019s 30-day volume-weighted average price, it said in a statement on Friday.<\/p>\n<p>Directors, including chief executive officer Adrian Gore, subscribed for 1.5 million of the new shares, according to Discovery.<\/p>\n<p>With approvals from the central bank and the competition authorities and the acquisition of certain operations from FirstRand Ltd now secured, Discovery can launch its banking unit.<\/p>\n<p>The company plans to introduce the lender to reporters on November. 14.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/lifestyle\/282357\/these-are-your-discovery-medical-aid-prices-for-2019\/\" target=\"_blank\" rel=\"noopener\">These are your Discovery medical aid prices for 2019<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Discovery Ltd\u2019s successful R1.85 billion ($131 million) bookbuild puts it on the threshold of starting its banking unit.<\/p>\n","protected":false},"author":59,"featured_media":269195,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[4883,26],"class_list":["post-283128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-discovery","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/283128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=283128"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/283128\/revisions"}],"predecessor-version":[{"id":283140,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/283128\/revisions\/283140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/269195"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=283128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=283128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=283128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}