To view the PDF file, sign up for a MySharenet subscription.

BK ONE LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT AND RECOMMENCEMENT OF TRADING

Release Date: 24/08/2012 07:30
Code(s): BK1P     PDF:  
Wrap Text
FURTHER CAUTIONARY ANNOUNCEMENT AND RECOMMENCEMENT OF TRADING

BK One Limited
Incorporated in the Republic of South Africa
Registration Number: 2011/008103/06
Preference Share Code: BK1P
ISIN: ZAE000161352
(“BK One” or “the Company”)



FURTHER CAUTIONARY ANNOUNCEMENT AND RECOMMENCEMENT OF TRADING



BK One shareholders (“shareholders”) are referred to voluntary suspension of trading
announcement released on SENS on 23 August 2012.

Shareholders are advised that an application has been brought to the High Court of South Africa
(“the High Court”) for the liquidation of Tor Construction Proprietary Limited (“Tor Construction”); a
hearing in this regard is expected to be held on 31 August 2012. Tor Construction is a subsidiary of
Tor Holdings Proprietary Limited (“Tor Holdings”) in which BK One has an investment.

Tor Holdings presently represents approximately 17.6% of BK One’s investment portfolio.

As this information has now been disseminated through SENS, shareholders are advised that trading
in the Company’s securities will recommence from the commencement of trade today, 24 August
2012.

Further to the cautionary announcement released on SENS on 10 August 2012, BK One’s Board of
Directors (“BK One Directors”) would like to refer shareholders to the Company’s Prospectus dated
30 November 2011 and specifically to the Company’s co-investment relationship with Basileus
Capital Proprietary Limited (“Basileus Capital”).

Due to the well-publicised events involving Basileus Capital, the BK One Directors are presently
reviewing the Company’s strategic alternatives and are confident that an announcement will be
made in due course regarding the BK One’s future strategic direction, accordingly shareholders are
advised to continue to exercise caution when dealing in the Company’s securities until a
comprehensive announcement in this regard can be made.



Cape Town

24 August 2012

Sponsor

Nedbank Capital

Date: 24/08/2012 07:30:00 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.

Share This Story