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BLACKSTAR GROUP SE - Transaction in own shares

Release Date: 30/12/2014 09:00
Code(s): BCK     PDF:  
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Transaction in own shares

Blackstar Group SE
(Incorporated in Malta)
(Company number SE 4)
(registered as an external company with limited liability in the Republic of South Africa under
registration number 2011/008274/10)
LSE Ticker: BLCK
JSE Share code: BCK
ISIN: MT0000620113
(“Blackstar” or the “Company”)


30 December 2014




                                     Transaction in own shares


Blackstar announces that on 31 December 2014 it will transfer 542,318 ordinary shares of €0.76 each
in the Company (the "Shares") out of treasury to Bramel Business Solutions (Pty) Ltd (“Bramel”) (the
“Transfer”). The Transfer forms part of the consideration paid for a property acquired from Bramel by
Blackstar Real Estate (Pty) Ltd (a subsidiary of Blackstar Group SE) (“BRE”). The consideration
comprises predominantly of cash and the balance is settled through the transfer of the Shares out of
treasury. The cash portion of the consideration is financed by BRE through a mortgage bond. This
industrial property is situated in a prominent industrial node within Sandton, Gauteng and a Blackstar
subsidiary is currently leasing the property. This is an enhancing acquisition for BRE and will
contribute towards growth of the Blackstar property portfolio.

Following completion of the Transfer, the Company’s total issued share capital will be 82,088,500 of
which 791,558 will be held by the Company in treasury. Accordingly, the issued share capital of the
Company for the purpose of calculating total voting rights will be 81,296,942.

Pursuant to the announcement dated 8 December 2014, Blackstar’s shares are currently suspended
from trading and will remain so following completion of the Transfer.



For further information, please contact:

Blackstar Group SE                 Leanna Isaac                       + 356 2137 3360
Liberum Capital Limited            Chris Bowman /                     +44 (0) 20 3100 2222
                                   Christopher Britton
PSG Capital (Pty) Limited          David Tosi                         +27 (0) 21 887 9602

Date: 30/12/2014 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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