| Mon 12 Dec 2011, 13:59 | | BK1P - BK One Limited - Additions to BK One`s investment portfolio |
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JSE
BK1P
BK1P - BK One Limited - Additions to BK One`s investment portfolio
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 One" or "the Company")
ADDITIONS TO BK ONE`S INVESTMENT PORTFOLIO
Shareholders are advised that the Company has now, further to the listing
of BK One on Thursday, 8 December 2011, invested in the following assets:
- Avalloy Proprietary Limited ("Avalloy"):
* R45 million (forty five million Rand)in unlisted
cumulative, redeemable preference shares at a
dividend rate of 15% (compounded annually); and
* a loan to the value of R11,316,688 (eleven million
three hundred and sixteen thousand six hundred and
eighty eight Rand) at an interest rate of prime plus
3% (compounded monthly), capped at 15%.
- Both these investments provide the Company with the option
of taking up ordinary equity in Avalloy, at the discretion
of the Company.
- Pure Ocean Aquaculture Proprietary Limited ("Pure Ocean"):
* Loans to the value of R61,415,233 (sixty one million
four hundred and fifteen thousand two hundred and
thirty three rand) at an interest rate of prime plus
3% (compounded monthly), capped at 15%.
- This investment provides BK One with the option of taking
up ordinary equity in Pure Ocean, at the discretion of the
Company.
- Tor Holdings Proprietary Limited ("Tor")
* R35 million (thirty five million Rand) in loan
funding at an interest rate of prime (compounded
monthly), which provides the Company with 12% of the
ordinary equity of Tor.
For further details of the abovementioned investments, refer to the
prospectus dated Wednesday, 30 November 2011.
Cape Town
12 December 2011
Investment bank and debt sponsor
Nedbank Capital
Date: 12/12/2011 13:59:14 Produced by the JSE SENS Department.
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