BWK - Buildworks Group Limited - Acquisition of consolidated power projects
BWK
BWK
BWK - Buildworks Group Limited - Acquisition of consolidated power projects
(Proprietary) Limited ("Conco")fulfilment of earn-out provisions
BUILDWORKS GROUP LIMITED
(Previously Boomerang Trading 35 (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2007/004935/06)
Share Code: BWK ISIN:ZAE000110219
("Buildworks" or "the Company")
ACQUISITION OF CONSOLIDATED POWER PROJECTS (PROPRIETARY) LIMITED ("CONCO")
- FULFILMENT OF EARN-OUT PROVISIONS
Buildworks shareholders are referred to the Company`s announcement released on
SENS on 18 July 2008 and are advised that the Conco vendors` earn-out provisions
contained therein have been successfully met. As a result of the foregoing,
Buildworks has settled the vendor liability loan and will issue an additional
200 million shares to the Conco vendors as disclosed in the audited financial
statements for the year ended 31 August 2009. The new Buildworks shares are
expected to commence trading on Tuesday, 20 July 2010.
13 July 2010
Investment Bank and Transactional Sponsor
Investec Bank Limited
Designated Advisor to Buildworks
Java Capital
Date: 13/07/2010 10:31:02 Produced by the JSE SENS Department.
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