("Blue Label" or the "Company")
UPDATE ON THE CELL C RECAPITALISATIONBlue Label shareholders are referred to the announcement released by the Company on the Stock Exchange News Service of the JSE Limited on Thursday, 27 July 2017, as well as to the circular issued to Shareholders dated Tuesday, 27 June 2017 ("Circular").
Capitalised terms used but not otherwise defined in this announcement have the meaning ascribed to them in the Circular.
Blue Label is pleased to advise Shareholders that the Cell C Recapitalisation has been fully implemented, resulting in Cell C's Net Borrowings being reduced to below R6 billion, and Blue Label, through its wholly-owned subsidiary, TPC, now owns 45% of the issued share capital of Cell C.
By order of the boardSandton
07 August 2017
Financial Adviser and SponsorInvestec Bank Limited
Legal Adviser to Blue LabelWerksmans Inc
Blue Label Telecoms Ltd. published this content on 07 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 August 2017 07:54:02 UTC.
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