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BLUE FINANCIAL SERVICES LIMITED - Renewal of Cautionary Announcement

Release Date: 28/10/2013 12:25
Code(s): BFS     PDF:  
Wrap Text
Renewal of Cautionary Announcement

Blue Financial Services Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1996/006595/06)
JSE Share code: BFS
ISIN: ZAE000083655
(“Blue” or the “Company” or the “Group”)


RENEWAL OF CAUTIONARY ANNOUNCEMENT


Introduction
1. Shareholders are referred to the cautionary announcement
    published on the Securities Exchange News Service (“SENS”) of
    the JSE Limited on 21 January 2013 and the subsequent renewal
    of cautionary announcements published 4 March, 16 April, 29
    May, 26 June 2013 and 13 August 2013, whereby Shareholders
    were advised that the Company is in negotiations with
    Mayibuye Group Proprietary Limited (“Mayibuye”), the 54%
    controlling shareholder of Blue and therefore a related
    party.

2.   The negotiations pertain to the proposed further
     recapitalisation of the Company.

Renewal of cautionary announcement
3. Shareholders are hereby advised that the discussions are
    ongoing, but are not yet finalised. Shareholders should
    therefore continue to exercise caution when dealing in the
    Company's securities until a further announcement is made on
    SENS.

Johannesburg
28 October 2013

Designated Adviser to Blue
Grindrod Bank Limited

Date: 28/10/2013 12:25:00 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.

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