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PPE
PPE
PPE - Purple Capital Limited - General issue of shares for cash to strategic
gaming partner
Purple Capital Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: PPE ISIN: ZAE000071411
("Purple Capital" or "the company")
GENERAL ISSUE OF SHARES FOR CASH TO STRATEGIC GAMING PARTNER
1. Introduction
Purple Capital has raised R24.96 million by way of an issue of 100 000
000 ordinary shares for cash to a strategic international investor and 4
000 000 ordinary shares to another investor. The capital will primarily
be invested in Purple Capital`s gaming expansion strategy locally and
into Africa.
All ordinary shares were issued at 24 cents per share in terms of the
directors` general authority to issue shares for cash under paragraph
5.52 of the JSE Listings Requirements and will be listed in accordance
with the JSE Listings Requirements.
2. Financial Effects
August After Pro forma Change (%)
2010 issue for after
Audited WIP general
figures treasury issue
Basic loss per (7.09) (7.07) (6.17) (12.7%)
share (cents)
Headline loss per (7.09) (7.07) (6.17) (12.7%)
share (cents)
Diluted loss per (7.09) (7.07) (6.17) (12.7%)
share (cents)
Net Asset Value per 33.19 33.15 31.99 (3.5%)
share (cents)
Net Tangible Asset 3.80 3.83 6.39 66.9%
Value per share
(cents)
i. The August 2010 figures are based on the audited annual results as
published on SENS on 9 November 2011.
ii. 1,640,397 shares were issued on 11 November 2010 to WIP Treasury
shareholders in terms of the acquisition of 75% of WIP Treasury. The
acquisition was published on SENS on 9 September 2010.
iii At the annual general meeting on the 9 December 2010, directors
obtained general authority to issue shares in terms of paragraph
5.52 of the JSE Limited ("JSE") Listings Requirements.
iv 104 000 000 ordinary shares placed equating to 14,5% percent of the
Company`s issued share capital, raising R24 960 000 at 24 cents per
share, being an 9,7% discount to the 30 day VWAP.
V These financial effects have not been audited or reviewed.
Johannesburg
28 January 2011
Sponsor: KPMG Services (Pty) Ltd
Date: 28/01/2011 17:30:01 Produced by the JSE SENS Department.
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