BLUE LABEL TELECOMS LIMITED - Further annoucement of acquisition of entire share capital of Retail Mobile Credit Specialists Proprietary Limited

Further annoucement of acquisition of entire share capital of Retail Mobile Credit Specialists Proprietary Limited

BLUE LABEL TELECOMS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2006/022679/07
Ordinary Shares share code: BLU
ISIN: ZAE000109088
(“Blue Label” or “the Company”)


FURTHER ANNOUNCEMENT REGARDING THE ACQUISITION BY THE PREPAID COMPANY PROPRIETARY LIMITED (“TPC”) 
OF THE ENTIRE ISSUED SHARE CAPITAL OF RETAIL MOBILE CREDIT SPECIALISTS PROPRIETARY LIMITED (“RMCS”)


1. UPDATE

Further to the SENS announcement of the 24th December 2013 regarding the acquisition by
TPC, a wholly owned subsidiary of Blue Label, of the entire issued share capital of RMCS,
Blue Label shareholders are advised that all of the conditions precedent to the transaction
have been fulfilled or waived as at the 7th April 2014 and as such, the transaction is
unconditional.


2. CONSIDERATION

The terms of the transaction remain unchanged, save for a downward adjustment to the
initial payment payable towards the purchase consideration from R306 588 511 to
R298 686 664. This change has no effect on the pro forma financial effects of the
transaction.




Johannesburg

7 April 2014



Investment Bank and Sponsor: Investec Bank Limited

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