| Tue 6 Dec 2011, 16:10 | | BK1P - BK One Limited - Results of the private placement |
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JSE
BKONE
BK1P - BK One Limited - Results of the private placement
BK ONE LIMITED
(Formerly Sains Trading (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2011/008103/06)
Share code: BK1P ISIN: ZAE000161352
("BK" or "the Company")
Results of the private placement
Shareholders are referred to the abridged prospectus announcement released
on the Securities Exchange News Service ("SENS") on Thursday, 1 December
2011, and the prospectus dated Wednesday, 30 November 2011 relating to:
- a private placement with selected private individuals,
corporates and institutions (the "Applicants"), subject to a
minimum of 20,000,000 non-cumulative, redeemable, participating,
no par value preference shares (the "preference shares") in the
share capital of the Company at a subscription price of R10 (ten
Rand) per preference share; and
- the subsequent listing of BK`s entire issued preference share
capital on the JSE Limited ("JSE").
The Board is pleased to announce that in terms of the above offer it has
received applications to issue preference shares to the value of
R201,020,000 (two hundred and one million and twenty thousand Rand). All
applications received have been accepted in full and accordingly, BK will
issue 20,102,000 preference shares at an issue price of R10 (ten Rand)
each.
The preference shares will be listed on the JSE under the abbreviated name
`BK One Pref`, JSE preference share code "BK1P" in the Preference Share
sector of the JSE, and will commence trading on Thursday, 8 December 2011.
Applicants will have their accounts at their CSDP or broker credited in
respect of dematerialised preference shareholders and debited with the
subscription on Thursday, 8 December 2011.
Cape Town
06 December 2011
Corporate advisor
Nedbank Capital
Legal advisors
DLA Cliffe Dekker Hofmeyr Inc.
Independent reporting accountants
Grant Thornton Advisory Services Cape Proprietary Limited
Financial service provider
Kwanda Capital Investments Proprietary Limited
Corporate advisor
Basileus Capital Proprietary Limited
Company secretary
SeCCorp Secretarial Services Proprietary Limited
Preferred broker
Sanlam Private Investments Proprietary Limited
Date: 06/12/2011 16:10:48 Produced by the JSE SENS Department.
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