BIK
BIK
BIK - Brikor Limited - Cautionary Announcement
BRIKOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/013247/06)
(JSE code: BIK ISIN: ZAE000101945)
("Brikor" or "the company")
CAUTIONARY ANNOUNCEMENT
Brikor and Rand Merchant Bank have entered into an agreement to restructure
Brikor`s existing debt in order to meet certain debt covenant ratios. It is
expected that the terms of the debt restructuring will be finalised in December
2009. Once the terms have been finalised and approved by the board a detailed
announcement will be made to shareholders. It is expected that the debt
restructuring will result in a circular being sent to shareholders.
The debt restructuring negotiations, which if successfully concluded, may have a
material effect on the price of the company`s securities. Accordingly,
shareholders are advised to exercise caution when dealing in the company`s
securities until a full announcement is made.
Johannesburg
27 November 2009
Designated Adviser
Vunani Corporate Finance
Date: 27/11/2009 13:08:11 Produced by the JSE SENS Department.
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