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PPE - Purple Capital Limited - General issue of shares for cash to strategic

Release Date: 28/01/2011 17:30
Code(s): PPE
Wrap Text

PPE - Purple Capital Limited - General issue of shares for cash to strategic gaming partner Purple Capital Limited (Incorporated in the Republic of South Africa) (Registration number 1998/013637/06) Share code: PPE ISIN: ZAE000071411 ("Purple Capital" or "the company") GENERAL ISSUE OF SHARES FOR CASH TO STRATEGIC GAMING PARTNER 1. Introduction Purple Capital has raised R24.96 million by way of an issue of 100 000 000 ordinary shares for cash to a strategic international investor and 4 000 000 ordinary shares to another investor. The capital will primarily be invested in Purple Capital`s gaming expansion strategy locally and into Africa. All ordinary shares were issued at 24 cents per share in terms of the directors` general authority to issue shares for cash under paragraph 5.52 of the JSE Listings Requirements and will be listed in accordance with the JSE Listings Requirements. 2. Financial Effects August After Pro forma Change (%)
2010 issue for after Audited WIP general figures treasury issue Basic loss per (7.09) (7.07) (6.17) (12.7%) share (cents) Headline loss per (7.09) (7.07) (6.17) (12.7%) share (cents) Diluted loss per (7.09) (7.07) (6.17) (12.7%) share (cents) Net Asset Value per 33.19 33.15 31.99 (3.5%) share (cents) Net Tangible Asset 3.80 3.83 6.39 66.9% Value per share (cents) i. The August 2010 figures are based on the audited annual results as published on SENS on 9 November 2011. ii. 1,640,397 shares were issued on 11 November 2010 to WIP Treasury shareholders in terms of the acquisition of 75% of WIP Treasury. The acquisition was published on SENS on 9 September 2010. iii At the annual general meeting on the 9 December 2010, directors obtained general authority to issue shares in terms of paragraph 5.52 of the JSE Limited ("JSE") Listings Requirements. iv 104 000 000 ordinary shares placed equating to 14,5% percent of the Company`s issued share capital, raising R24 960 000 at 24 cents per share, being an 9,7% discount to the 30 day VWAP. V These financial effects have not been audited or reviewed. Johannesburg 28 January 2011 Sponsor: KPMG Services (Pty) Ltd Date: 28/01/2011 17:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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