| Wed 14 Nov 2007, 7:01 | | BLU - Blue Label Telecoms - Results of private pla |
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BLU
BLU - Blue Label Telecoms - Results of private placing
BLUE LABEL TELECOMS LIMITED
(Previously Friedshelf 776 (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/07)
JSE Share code: BLU & ISIN: ZE000109088
("Blue Label Telecoms" or "the Company")
Results of private placing
Investors are referred to the Blue Label Telecoms abridged pre-listing
statement, released on SENS on Friday, 26 October 2007 ("the Listing
Announcement") for the terms of the proposed listing of Blue Label Telecoms.
The Private Placing comprised an:
- Offer for Subscription: a private placing to Qualifying Investors of a
maximum value of R1,000,000,000 of new Blue Label Telecoms Shares priced
between R5.75 and R6.75 per share in terms of an Offer for Subscription
("Offer for Subscription"). The Offer for Subscription includes a
preferential placement to selected Blue Label Group business associates and
selected individual investors in terms of which cash has been received for
Blue Label Telecoms Shares to the value of R200,000,000 and accordingly the
remaining Offer for Subscription will be for a maximum value of R800,000,000;
and
- Offer for Sale: a private placing to Qualifying Institutions of a
maximum value of R376,467,352 of Blue Label Telecoms Shares priced between
R5.75 and R6.75 per share in terms of an Offer for Sale by certain Blue Label
Telecoms Shareholders ("Offer for Sale"),
The Private Placing was significantly oversubscribed and the Blue Label
Telecoms shares were placed at R6.75 per Blue Label Telecoms share in terms
of the book building process.
As a result R1,376,467,352 was raised through the Private Placing.
The conditions to the Blue Label Telecoms listing have now been fulfilled.
The listijng date of Blue Label Telecoms shares on the JSE will be Wednesday,
14 November 2007.
Johannesburg,
13 November 2007
Investment bank and Sponsor Reporting Accountants
bookrunner and Auditors
Investec Corporate Investec Bank PricewaterhouseCoopers
Finance Limited
Joint financial Legal advisor
advisor
aloeCap Edward Nathan
Sonnenbergs
Date: 14/11/2007 07:01:01 Produced by the JSE SENS Department.
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