BRT BRN
BRT
BRT/BRN - Brimstone Investment Corporation Limited - Voluntary announcement
regarding the confirmation of Brimstone`s Investment In Taste Holdings
Limited
BRIMSTONE INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/010442/06)
Share Code: BRT
ISIN Number: ZAE000015277
Share Code: BRN
ISIN Number: ZAE000015285
("Brimstone")
VOLUNTARY ANNOUNCEMENT REGARDING THE CONFIRMATION OF BRIMSTONE`S INVESTMENT
IN TASTE HOLDINGS LIMITED ("TASTE")
Holders of ordinary and "N" ordinary Brimstone shares ("Brimstone
shareholders") are referred to the SENS announcement made by Brimstone on 8
December 2011 and the subsequent SENS announcement made by Taste on 18
January 2012. Brimstone shareholders are advised that the acquisition by a
wholly-owned subsidiary of Taste of the business operated under the name of
The Fish & Chip Co ("the Acquisition") is now unconditional in all
respects.
Brimstone has therefore subscribed for 24 000 000 ordinary shares in the
authorised share capital of Taste ("Taste ordinary shares") for an
aggregate subscription price of R36 960 000 being an issue price of R1.54
per share ("Taste subscription"). Brimstone holds 12.4% of the Taste
ordinary shares in issue pursuant to the Taste subscription. The Taste
subscription proceeds will be used by Taste to partially fund the
Acquisition.
It should be noted that the value of the transaction for Brimstone is less
than 5% of Brimstone`s market capitalisation and accordingly this
announcement is made voluntarily.
Cape Town
20 January 2012
Investment Bank and Sponsor
Nedbank Capital
Date: 20/01/2012 15:00:02 Produced by the JSE SENS Department.
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