KGH
KGH
KGH - Kagisano Group Holdings Limited - Blackstar Loan Facility Circular
KAGISANO GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2002/003827/06)
(JSE code: KGH & ISIN: ZAE000098448)
("Kagisano" or "the company")
BLACKSTAR LOAN FACILITY CIRCULAR
1. INTRODUCTION
Shareholders are referred to the announcements on SENS dated 25 February 2008 in
terms of which it was announced that Kagisano entered into a R100 million long
term loan facility agreement with Blackstar Investors plc ("Blackstar"). The
loan facility agreement incorporates the grant of an option to Blackstar to
subscribe for up to 16 666 667 Kagisano ordinary shares at an issue price of 300
cents per Kagisano ordinary share.
The directors have considered the terms and conditions of the loan facility
agreement and are of the opinion that the loan facility incorporating the option
to subscribe for Kagisano ordinary shares as well as the specific issue of
shares pursuant to the exercise of the option will be to the benefit of all
shareholders.
2. GENERAL MEETING
Forming part of the circular is a notice convening a general meeting of
shareholders to be held at the company`s offices at Eco Fusion 4, Block B, Witch
Hazel Street, Highveld, Centurion on Tuesday, 15 April 2008 commencing at 10:00,
at which meeting the ordinary resolutions required to give effect to the
granting of the option to subscribe for Kagisano ordinary shares and the
specific issue of shares for cash pursuant to the exercise of the option, will
be proposed for consideration and if deemed fit, approved.
3. DOCUMENTATION
The circular containing full details of the loan facility incorporating the
option to subscribe for Kagisano ordinary shares as well as the specific issue
of shares pursuant to the exercise of the option were mailed to shareholders
yesterday.
Johannesburg
2 April 2008
Designated Advisor:
Exchange Sponsors
Date: 02/04/2008 16:05:51 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
