BFS - Blue Financial Services Limited - Increase in equity stake and R120
BFS
BFS
BFS - Blue Financial Services Limited - Increase in equity stake and R120
million bridging facility from ABSA Bank
BLUE FINANCIAL SERVICES LIMITED
(Registration number 1996/006595/06)
(Incorporated in the Republic of South Africa)
JSE Code: BFS
ISIN: ZAE000083655
("Blue" or "the Group")
INCREASE IN EQUITY STAKE AND R120 MILLION BRIDGING FACILITY FROM ABSA BANK
Shareholders are advised that Absa Bank has increased its stake in Blue
Financial Services from 16% to 21% making it the second largest shareholder in
the Group.
Blue also concluded a bridging agreement with Absa to the value of R120 million
at prime linked rates. The facility will be used to grow the loan book until
such time as negotiated international finance becomes available for draw down.
2 June 2009
Designated Adviser: PSG Capital (Pty) Limited
Date: 02/06/2009 12:00:04 Produced by the JSE SENS Department.
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