Hyprop successfully closes capital raise for strategic growth initiatives

Hyprop Investments Limited (JSE: HYP) has successfully closed its capital raise in South Africa, which was undertaken as an accelerated bookbuild, to support strategic initiatives and reduce debt. The company issued 19,019,956 new shares at a price of ZAR42.50 per share, representing a 0.3% premium over the 30-day volume-weighted average price of ZAR42.39 as of May 30, 2025. The capital raise was oversubscribed at this level, indicating strong investor confidence. The funds will be used to reduce debt in the short term, as well as for asset management initiatives, organic growth opportunities, further solar projects, and new investments. Additionally, Hyprop is in discussions with major institutional investors regarding a potential conditional voluntary bid to acquire a controlling shareholding in MAS P.L.C. Subject to JSE approval, the listing and trading of the new Hyprop shares is expected to commence on June 11, 2025. Java Capital acted as the bookrunner and sponsor for the capital raise.