Paratus Namibia Holdings (previously Nimbus) has undergone a Rights Issue in July 2018, raising an additional N$ 103M. Please see Investor Relations section.

A Rights Issue, is an issue of additional shares offered, at a predetermined price by the company to its existing shareholders, in proportion to their current holding of shares.

Please find a factsheet, with more details on the rights issue, here.

In order to assist with clarity on the rights issue, Nimbus has prepared a simple video. Please find it below.

Further clarity on the Rights Issue can be found in the below factsheet.