| Thu 1 Dec 2011, 7:05 | | BLU - Blue Label Telecoms Limited - Delisting and cancellation of 91 851 852 |
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BLU
BLU
BLU - Blue Label Telecoms Limited - Delisting and cancellation of 91,851,852
Blue Label ordinary shares
BLUE LABEL TELECOMS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU
ISIN: ZAE000109088
("Blue Label" or "the Company")
DELISTING AND CANCELLATION OF 91,851,852 BLUE LABEL ORDINARY SHARES
Shareholders are referred to the announcement released on SENS on 29 November
2011 advising that Blue Label has acquired 91,851,852 ordinary shares in its
ordinary share capital from Microsoft Corporation ("the specific repurchase"),
representing 11.99% of the Blue Label ordinary shares in issue prior to the
specific repurchase. The issued ordinary share capital of the Company as at the
financial half-year ended 30 November 2011 was 766,360,894 ordinary shares of
0.000001 Rand each.
On 1 December 2011, Blue Label delisted and cancelled the 91,851,852 ordinary
shares in terms of the special and ordinary resolution related to the specific
repurchase approved by shareholders at the Annual General Meeting held on 22
November 2011. The shares cancelled represent 11.99% of the issued ordinary
share capital of the Company and following the cancellation the issued ordinary
share capital of the Company comprises 674,509,042 ordinary shares of 0.000001
Rand each.
By order of the board of directors
Blue Label Telecoms Limited
Johannesburg
1 December 2011
Investment bank Sponsor Corporate law adviser
Investec Bank Investec Bank Edward Nathan Sonnenbergs
Limited Limited Inc.
Date: 01/12/2011 07:05:34 Produced by the JSE SENS Department.
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