| Mon 8 Aug 2011, 17:45 | | BCK - Blackstar Group SE - Result of the private placement of ordinary shares by |
|
JSE
BCK
BCK - Blackstar Group SE - Result of the private placement of ordinary shares by
Blackstar Group SE
Blackstar Group SE
Previously Blackstar Group PLC
(Incorporated in England and Wales)
(Company number SE 30)
(Registered as an external company with limited liability in the Republic of
South Africa under registration number 2011/008274/10)
Share code: BCK
ISIN: GB00B0W3NL87
("Blackstar" or "the Company")
RESULT OF THE PRIVATE PLACEMENT OF ORDINARY SHARES BY BLACKSTAR GROUP SE
Private placement applicants are referred to the abridged prospectus, as
published on 18 July 2011, relating to the private placement by the Company of
ordinary shares, at an issue price of the Rand equivalent of GBP0.85 (eighty
five pence) per ordinary share, and the subsequent secondary listing of
Blackstar on the Altx of the JSE Limited.
Pursuant to the private placement, the Company successfully placed 10 467 240
Blackstar ordinary shares with qualifying investors at an issue price of R9.53
per ordinary share (the Rand equivalent of the 85 pence per ordinary share), for
an aggregate subscription amount of R100 million. Based on the exchange rate
below, the Company received applications for a pounds sterling equivalent of
approximately GBP 8 897 154. The 85 pence issue price was converted to South
African Rand from Pounds Sterling at an exchange rate of R11.21:GBP1.
Andrew Bonamour, CEO of Blackstar commented: "Given the market conditions we
were very happy to raise the R100 million of new capital we set out to raise
from South African investors. We achieved a good balance between institutional
and private investors."
Private placement applicants are hereby advised that they will receive the full
allocation of ordinary shares for which applications were submitted.
The Company will list its ordinary shares as a secondary listing on the Altx
under the abbreviated name "Blackstar", JSE share code "BCK" and ISIN:
GB00B0W3NL87, with effect from the commencement of trade on Friday, 12 August
2011.
The private placement ordinary shares will be transferred to the private
placement applicants on a delivery versus payment basis on Friday, 12 August
2011.
For further information please contact:
Blackstar Group SE Andrew Bonamour +27 (0) 11 214
8500
Collins Stewart Europe Matt Goode +44(0) 20 7523
Limited 8350
PSG Capital (Pty) Ltd Willie +27 (0) 21 887
Honeyball/David Tosi 9602
8 August 2011
London
Sponsor and Corporate Adviser: PSG Capital (Pty) Limited
AIM nominated adviser and broker: Collins Stewart Europe Limited
Independent reporting accountant: BDO South Africa Inc.
Independent auditors: BDO LLP
Date: 08/08/2011 17:45:01 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.
