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BCK - Blackstar Group SE - Result of the private placement of ordinary shares by

Release Date: 08/08/2011 17:45
Code(s): JSE
Wrap Text

BCK - Blackstar Group SE - Result of the private placement of ordinary shares by Blackstar Group SE Blackstar Group SE Previously Blackstar Group PLC (Incorporated in England and Wales) (Company number SE 30) (Registered as an external company with limited liability in the Republic of South Africa under registration number 2011/008274/10) Share code: BCK ISIN: GB00B0W3NL87 ("Blackstar" or "the Company") RESULT OF THE PRIVATE PLACEMENT OF ORDINARY SHARES BY BLACKSTAR GROUP SE Private placement applicants are referred to the abridged prospectus, as published on 18 July 2011, relating to the private placement by the Company of ordinary shares, at an issue price of the Rand equivalent of GBP0.85 (eighty five pence) per ordinary share, and the subsequent secondary listing of Blackstar on the Altx of the JSE Limited. Pursuant to the private placement, the Company successfully placed 10 467 240 Blackstar ordinary shares with qualifying investors at an issue price of R9.53 per ordinary share (the Rand equivalent of the 85 pence per ordinary share), for an aggregate subscription amount of R100 million. Based on the exchange rate below, the Company received applications for a pounds sterling equivalent of approximately GBP 8 897 154. The 85 pence issue price was converted to South African Rand from Pounds Sterling at an exchange rate of R11.21:GBP1. Andrew Bonamour, CEO of Blackstar commented: "Given the market conditions we were very happy to raise the R100 million of new capital we set out to raise from South African investors. We achieved a good balance between institutional and private investors." Private placement applicants are hereby advised that they will receive the full allocation of ordinary shares for which applications were submitted. The Company will list its ordinary shares as a secondary listing on the Altx under the abbreviated name "Blackstar", JSE share code "BCK" and ISIN: GB00B0W3NL87, with effect from the commencement of trade on Friday, 12 August 2011. The private placement ordinary shares will be transferred to the private placement applicants on a delivery versus payment basis on Friday, 12 August 2011. For further information please contact: Blackstar Group SE Andrew Bonamour +27 (0) 11 214 8500
Collins Stewart Europe Matt Goode +44(0) 20 7523 Limited 8350 PSG Capital (Pty) Ltd Willie +27 (0) 21 887 Honeyball/David Tosi 9602
8 August 2011 London Sponsor and Corporate Adviser: PSG Capital (Pty) Limited AIM nominated adviser and broker: Collins Stewart Europe Limited Independent reporting accountant: BDO South Africa Inc. Independent auditors: BDO LLP Date: 08/08/2011 17:45:01 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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