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BEIGE HOLDINGS LIMITED - Renewal of Cautionary Announcement

Release Date: 13/01/2014 17:20
Code(s): BEG     PDF:  
Wrap Text
Renewal of Cautionary Announcement

BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
(“Beige” or “the Company”)
ISIN Code: ZAE000034161        Share code: BEG


RENEWAL OF CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the renewal of cautionary
announcement released on SENS on 26 November 2013 and are
advised that the directors of Beige have resolved to
restructure the share capital of the Company prior to
proceeding with a claw-back offer to raise R30 million in
order to recapitalise the Company.

The proposed restructuring includes an odd-lot offer to
shareholders, the conversion of the ordinary shares to
shares of no par value, an increase in the authorised
ordinary share capital and a consolidation of the
ordinary and preference share capital on a 10:1 basis.

Shareholders are accordingly advised to continue to
exercise caution when dealing in the Company’s securities
until full details of the proposed restructuring and the
claw-back offer have been announced on SENS.

Johannesburg
13 January 2014

Designated Advisor
Arcay Moela Sponsors Proprietary Limited

Date: 13/01/2014 05:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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