{"id":67916,"date":"2014-09-09T09:41:17","date_gmt":"2014-09-09T07:41:17","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=67916"},"modified":"2014-09-09T09:41:17","modified_gmt":"2014-09-09T07:41:17","slug":"huge-completes-r20-million-rights-offer","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/67916\/huge-completes-r20-million-rights-offer\/","title":{"rendered":"Huge completes R20 million rights offer"},"content":{"rendered":"<p>Alt-X listed holding company, Huge Group, says it has raised R20 million in a rights offer.<\/p>\n<p>The rights offer closed on Friday, 5 September 2014, and was oversubscribed by 43%.<\/p>\n<p>Huge shareholders, or their renouncees, applied for a total of 28,554,109 rights offer shares, including excess applications, the group said.<\/p>\n<p>In May, Huge reported a 23% decline in revenue for the year ended\u00a0 February 2014, from R266 million, to R203.5 million; however, headline earnings per share advanced to 13.92 cents per share, from a loss of 4.07 cents in 2013.<\/p>\n<p>The group reported an operating profit of R18 million, from a prior loss of R1.2 million before.<\/p>\n<h3 class=\"my-4\">More on Huge Group<\/h3>\n<p><a title=\"Huge Group earnings boosted by telecoms\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/59325\/huge-group-earnings-boosted-by-telecoms\/\"><strong>Huge Group earnings boosted by telecoms<\/strong><\/a><\/p>\n<p><a title=\"Huge Group sees turnaround\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/50135\/huge-group-sees-turnaround\/\"><strong>Huge Group sees turnaround<\/strong><\/a><\/p>\n<p><a title=\"Interims a mixed bag for Huge Group\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/49825\/interims-a-mixed-bag-for-huge-group\/\"><strong>Interims a mixed bag for Huge Group<\/strong><\/a><\/p>\n<p><strong><a title=\"Permalink to Huge to continue despite further losses\" href=\"http:\/\/businesstech.co.za\/news\/general\/39122\/huge-to-continue-despite-further-losses\/\" rel=\"bookmark\">Huge to continue despite further losses<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alt-X listed holding company, Huge Group,says it has raised R20 million in a Rights Offer.<\/p>\n","protected":false},"author":10,"featured_media":10775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,2258],"class_list":["post-67916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-huge-group"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/67916","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=67916"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/67916\/revisions"}],"predecessor-version":[{"id":67932,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/67916\/revisions\/67932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/10775"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=67916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=67916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=67916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}