Wrap Text
Results of The Accelerated Bookbuild
Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU ISIN: ZAE000109088
(“Blue Label” or the “Company”)
RESULTS OF THE ACCELERATED BOOKBUILD
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF
AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION IN WHICH IT IS UNLAWFUL TO DO
SO OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
OF ANY OF THE SECURITIES DESCRIBED HEREIN. THE SECURITIES DESCRIBED HEREIN WILL NOT BE REGISTERED UNDER
THE U.S. SECURITIES ACT OF 1933, AS AMENDED AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OF AMERICA
ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION THEREUNDER. THERE WILL BE NO PUBLIC OFFER IN THE
UNITED STATES OF AMERICA.
Further to the announcement dated 26 February 2018 in respect of the opening of the accelerated bookbuild, Blue Label is
pleased to announce that it has successfully completed its accelerated bookbuild (“Bookbuild”) offering of new ordinary
shares (“Bookbuild Shares”) and the book is now closed.
There was strong demand for the Bookbuild, which was considerably oversubscribed. The maximum number of Bookbuild
Shares, being 72,000,000 new Blue Label shares, will be issued at a price of R12.50 per share, raising gross proceeds of
ZAR900 million (before expenses). The Bookbuild Shares will represent 7.6% of the ordinary issued share capital of the
Company after their issue.
The price represents a discount of 2.2% to the 30-day VWAP on 26 February 2018 of a Blue Label Share.
Subject to approval by the JSE Limited, listing and trading of the Bookbuild Shares is expected to commence at 09h00 on
Friday, 2 March 2018.
For further information please contact:
Investor and Media Relations
Telephone: +27 11 523 3000
Email: investors@blts.co.za
By order of the board
Johannesburg
27 February 2018
Bookrunner, sponsor and financial advisor to Blue Label
Investec Bank Limited
South African legal counsel to Blue Label
Werksmans Inc.
South African legal counsel to the Bookrunner
Bowman Gilfillan Inc.
The Equity Raise is made to qualifying investors, being investors to whom the Equity Raise may be lawfully made without
having to file or register any offering or related documentation with any securities regulatory authority in any relevant
jurisdiction.
This announcement is not for publication or distribution or release, directly or indirectly, in or into the United States of
America, Australia, Canada, Hong Kong, Japan or any other jurisdiction in which such release, publication or distribution
would be unlawful or would require registration measures. This announcement is for information purposes only and shall
not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for securities in the United States of
America or any other jurisdiction. The Equity Raise is not to be regarded as an offer or invitation to any person in any
jurisdiction to the extent that any applicable legal requirement in such jurisdiction has not been complied with or it is for any
reason illegal or unlawful to make such an offer or invitation in such jurisdiction.
The securities offered in terms of the Equity Raise have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold, directly or indirectly, in the United
States of America, absent an exemption from, or transaction not subject to, the registration requirements of the Securities
Act. No public offering of securities is being made in the United States of America.
Neither this announcement nor the Equity Raise constitutes or is intended to constitute an offer to the public in South Africa
in terms of the Companies Act, No. 71 of 2008 (as amended) (the “Companies Act”). In South Africa, this announcement
is only being distributed to, and is only directed at, and any investment or investment activity to which this announcement
relates is available only to, and will be engaged in only with, persons in South Africa who fall within the categories of persons
set out in section 96(1)(a) of the Companies Act or persons qualifying pursuant to section 96(1)(b) of the Companies Act.
This announcement is for information purposes only and in member states of the European Economic Area (other than the
United Kingdom) is directed only at, and the Equity Raise will only be made to, persons who are qualified investors (as
defined in article 2(1)(e) of EU directive 2003/71/EC (the "Prospectus Directive") and the relevant implementing rules and
regulations adopted by each Member State). In the United Kingdom, this announcement is directed only at and the Equity
Raise will only be made to, the following persons: investment professionals falling within article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); and high net worth entities, and other
persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order.
This announcement has been issued by and is the sole responsibility of Blue Label. No representation or warranty, express
or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Bookrunner
or by any of its affiliates or agents as to, or in relation to, the accuracy or completeness of this announcement or any other
written or oral information made available to or publicly available to any interested party or its advisers, and any liability
therefore is expressly disclaimed.
This announcement does not purport to identify or suggest the risks (direct or indirect) which may be associated with an
investment in the Bookbuild Shares. No representation or warranty is made by Blue Label or the Bookrunner in connection
with the Equity Raise, and any investment decision to subscribe for Bookbuild Shares in terms of the Equity Raise must be
made solely on the basis of publicly available information which has not been independently verified by the Bookrunner.
Nothing in this announcement should be viewed, or construed, as "advice", as that term is used in the South African
Financial Markets Act, No. 19 of 2012 (as amended), and/or South African Financial Advisory and Intermediary Services
Act, No. 37 of 2002 (as amended), by the Bookrunner.
The Bookrunner is acting for Blue Label, and no one else, in connection with the Equity Raise and will not be responsible
to anyone other than Blue Label for providing the protections offered to clients of the Bookrunner, nor for providing advice
in relation to the Equity Raise.
No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability
is or will be accepted by the Bookrunner or by any of its affiliates or any of its or their respective directors, employees,
advisers or agents as to, or in relation to, the accuracy or completeness of this announcement or any other written or oral
information made available to or publicly available to any interested party or their advisers, and any liability therefore is
expressly disclaimed.
In connection with the Equity Raise, the Bookrunner and any of its affiliates acting as an investor for its own account may
take up a portion of the Bookbuild Shares as a principal position and in that capacity may retain, subscribe for, purchase or
sell for their own account such shares. In addition they may enter into financing arrangements and swaps with investors in
connection with which they may from time to time acquire, hold or dispose of shares. They do not intend to disclose the
extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligation to do so.
The Bookbuild Shares to be issued pursuant to the Equity Raise will not be admitted to trading on any stock exchange other
than the JSE.
Date: 27/02/2018 08:52:00 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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