BLUE FINANCIAL SERVICES LIMITED - Cautionary Announcement
BFS 201301210001A
Cautionary Announcement
Blue Financial Services Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1996/006595/06)
JSE Share code: BFS
ISIN: ZAE000083655
(Blue or the Company or the Group)
CAUTIONARY ANNOUNCEMENT
Shareholders are hereby advised that the Company is in
negotiations with Mayibuye Group Proprietary Limited
(Mayibuye), the 51% controlling shareholder of Blue and
therefore a related party, which if successfully concluded may
have a material effect on the price of the Company's
securities.
The negotiations pertain to the proposed further
recapitalisation of the Company, which is likely to involve
the injection by Mayibuye of certain of its assets and new
debt capital into Blue. The negotiations are at a relatively
early stage and are expected to only be concluded in the first
quarter of 2013.
Shareholders should therefore exercise caution when dealing in
the Company's securities until a further announcement is made.
Johannesburg
21 January 2013
Designated Adviser
Grindrod Bank Limited
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