Nampak shareholders give new management a thumbs up

Nampak shareholders overwhelmingly approved all resolutions necessary to facilitate a rights issue of up to R1 billion.

1. The average percentage approval was just over 99%.
2. This is about half of what Nampak initially indicated it would need.
3. Shares in Nampak soared nearly 7% to 77c in afternoon trade.
4. The company has lost almost two-thirds of its value in the past year.
5. Nampak is now valued at only just over R530 million.