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BRT BRN
BRT
BRT/ BRN - Brimstone Investment Corporation Limited - Announcement Regarding
Brimstone`s Participation in the Tiger Brands Limited ("Tiger Brands") Phase II
Black Economic Empowerment Transaction ("Tiger Brands Phase Ii Bee Transaction")
BRIMSTONE INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/010442/06)
Share Code: BRT
ISIN Number: ZAE000015277
Share Code: BRN
ISIN Number: ZAE000015285
("Brimstone" or "the Company")
ANNOUNCEMENT REGARDING BRIMSTONE`S PARTICIPATION IN THE TIGER BRANDS LIMITED
("TIGER BRANDS") PHASE II BLACK ECONOMIC EMPOWERMENT TRANSACTION ("TIGER BRANDS
PHASE II BEE TRANSACTION")
1. Introduction
Further to the announcement made by Tiger Brands today ("the Tiger Brands
Announcement"), Brimstone is pleased to announce that, in its capacity as a
selected strategic black partner to Tiger Brands, it has entered into an
agreement with Tiger Brands to subscribe for 1% of the enlarged issued
ordinary share capital of Tiger Brands, subject to the fulfilment of
certain conditions precedent. Brimstone shareholders are referred to the
Tiger Brands Announcement for details of the terms and conditions of the
Tiger Brands Phase II BEE Transaction.
2. Relationship with Tiger Brands
Brimstone has historically played a key role in enhancing the empowerment
achievements of Tiger Brands by virtue of its shareholding interests in
Oceana Group Limited, Sea Harvest Corporation Limited and The Scientific
Group (Proprietary) Limited. Brimstone`s selection as a strategic black
partner to Tiger Brands in the Tiger Brands Phase II BEE Transaction is
testament to the valued contributions that Brimstone has made to Tiger
Brands over the years; and Brimstone looks forward to further developing
this long-standing relationship.
3. Categorisation
The size of the capital contribution that Brimstone is required to make in
terms of the Tiger Brands Phase II BEE Transaction falls below the category
2 threshold of 5% of the market capitalisation of Brimstone in terms of the
JSE Limited Listings Requirements. Accordingly, this announcement is made
by Brimstone on a voluntary basis to inform Brimstone shareholders of the
Company`s ongoing activities and strategic partnerships, and there is no
need for Brimstone shareholders to take any further action.
Cape Town
1 September 2009
Investment bank and sponsor Legal advisors to Brimstone
to Brimstone
Nedbank Capital Cliff Dekker Hofmeyr
Date: 01/09/2009 08:01:02 Produced by the JSE SENS Department.
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