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BK1P - BK One Limited - Results of the private placement

Release Date: 06/12/2011 16:10
Code(s): JSE
Wrap Text

BK1P - BK One Limited - Results of the private placement BK ONE LIMITED (Formerly Sains Trading (Proprietary) Limited) (Incorporated in the Republic of South Africa) (Registration number 2011/008103/06) Share code: BK1P ISIN: ZAE000161352 ("BK" or "the Company") Results of the private placement Shareholders are referred to the abridged prospectus announcement released on the Securities Exchange News Service ("SENS") on Thursday, 1 December 2011, and the prospectus dated Wednesday, 30 November 2011 relating to: - a private placement with selected private individuals, corporates and institutions (the "Applicants"), subject to a minimum of 20,000,000 non-cumulative, redeemable, participating, no par value preference shares (the "preference shares") in the share capital of the Company at a subscription price of R10 (ten Rand) per preference share; and - the subsequent listing of BK`s entire issued preference share capital on the JSE Limited ("JSE"). The Board is pleased to announce that in terms of the above offer it has received applications to issue preference shares to the value of R201,020,000 (two hundred and one million and twenty thousand Rand). All applications received have been accepted in full and accordingly, BK will issue 20,102,000 preference shares at an issue price of R10 (ten Rand) each. The preference shares will be listed on the JSE under the abbreviated name `BK One Pref`, JSE preference share code "BK1P" in the Preference Share sector of the JSE, and will commence trading on Thursday, 8 December 2011. Applicants will have their accounts at their CSDP or broker credited in respect of dematerialised preference shareholders and debited with the subscription on Thursday, 8 December 2011. Cape Town 06 December 2011 Corporate advisor Nedbank Capital Legal advisors DLA Cliffe Dekker Hofmeyr Inc. Independent reporting accountants Grant Thornton Advisory Services Cape Proprietary Limited Financial service provider Kwanda Capital Investments Proprietary Limited Corporate advisor Basileus Capital Proprietary Limited Company secretary SeCCorp Secretarial Services Proprietary Limited Preferred broker Sanlam Private Investments Proprietary Limited Date: 06/12/2011 16:10:48 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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