| Mon 12 Jul 2010, 17:15 | | BRT/BRN - Brimstone - Announcement Regarding The Exercise Of The Life Healthcare |
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BRT BRN
BRT
BRT/BRN - Brimstone - Announcement Regarding The Exercise Of The Life Healthcare
Overallotment Option
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 THE EXERCISE OF THE LIFE HEALTHCARE OVERALLOTMENT OPTION
Holders of ordinary and "N" ordinary Brimstone shares ("Brimstone shareholders")
are referred to the announcement by Brimstone released on the Securities
Exchange News Service ("SENS") on Tuesday, 22 June 2010 and in the national
press on Wednesday, 23 June 2010. It was announced therein that pursuant to the
listing of Life Healthcare Group Holdings Limited ("Life Healthcare") on the
exchange operated by the JSE Limited ("Life Listing"), Brimstone, through its
wholly owned subsidiary Newshelf 831 (Proprietary) Limited ("Newshelf 831"),
would participate in the 30 day overallotment option ("Life Overallotment
Option") which Newshelf 831, together with other shareholders of Life
Healthcare, granted to the joint-global coordinators and joint bookrunners of
the Life Listing.
Further to the announcement released on SENS today by Life Healthcare regarding
the exercise, in part, of the Life Overallotment Option, Brimstone shareholders
are advised that Brimstone (through Newshelf 831) disposed of 8,305,400 ordinary
shares in Life Healthcare thereunder for which it will be receiving total gross
proceeds of R112,122,900.
Following the above mentioned exercise, in part, of the Life Overallotment
Option, Brimstone through Newshelf 831 holds an effective 2.48% interest in Life
Healthcare. In addition, prior to Brimstone exchanging its shareholding in
Newshelf 778 (Proprietary) Limited ("Newshelf 778`) for shares in Health
Strategic Investments Limited ("Health") and the subsequent unbundling of
Health, as set out in the circular to Brimstone shareholders dated 28 June 2010,
Brimstone holds an effective 12.36% interest in Life Healthcare through Newshelf
778.
Cape Town
12 July 2010
Investment bank and sponsor Legal advisers
Nedbank Capital Edward Nathan Sonnenbergs
Independent reporting accountants Transaction communications advisor
Deloitte & Touche College Hill
Independent sponsor Structuring adviser
Deutsche Securities Rand Merchant Bank
Date: 12/07/2010 17:15:01 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.
