BRT/BRN - Brimstone - Further announcement regarding the acquisition by
BRT BRN
BRT
BRT/BRN - Brimstone - Further announcement regarding the acquisition by
Brimstone of the remaining 26% interest in lion of Africa Holdings Company
(Proprietary) Limited
Brimstone Investment Corporation Limited
(Registration number 1995/010442/06)
(Incorporated in the Republic of South Africa)
ISIN Number: ZAE000015277 Share Code: BRT
ISIN Number: ZAE000015285 Share Code: BRN
("Brimstone" or the "Company")
FURTHER ANNOUNCEMENT REGARDING THE ACQUISITION BY BRIMSTONE OF THE REMAINING 26%
INTEREST IN LION OF AFRICA HOLDINGS COMPANY (PROPRIETARY) LIMITED
The holders of ordinary shares and "N" ordinary shares in Brimstone ("Brimstone
shareholders") are referred to the announcement published on SENS on 9 July 2010
referring to the acquisition by Brimstone of the remaining 26% interest in Lion
of Africa Holdings Company (Proprietary) Limited which it does not already own
("the Acquisition").
Further to the aforementioned announcement, the fairness opinion provided by the
independent expert, Ernst & Young Advisory Services (Proprietary) Limited
("Ernst & Young"), in respect of the Acquisition has now been approved by the
JSE. Ernst & Young have concluded that the terms and conditions of the
Acquisition are fair to Brimstone shareholders and their fairness opinion will
lie for inspection at the registered offices of Brimstone for a period of 28
days from the date of this announcement.
The Acquisition has become unconditional and has been implemented.
Cape Town
27 July 2010
Investment bank and sponsor Independent expert Legal advisor
Nedbank Capital Ernst & Young Cliffe Dekker
Hofmeyr Inc.
Date: 27/07/2010 15:28:00 Produced by the JSE SENS Department.
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