BRT BRN
BRT
BRT/BRN - Brimstone Investment Corporation Limited -
Voluntary announcement
regarding the confirmation of Brimstone`s Investment In
Taste
Holdings
Limited
BRIMSTONE INVESTMENT CORPORATION
LIMITED
(Incorporated in the Republic of South
Africa)
(Registration number
1995/010442/06)
Share Code:
BRT
ISIN Number:
ZAE000015277
Share Code:
BRN
ISIN Number:
ZAE000015285
("Brimstone")
VOLUNTARY ANNOUNCEMENT REGARDING THE CONFIRMATION OF
BRIMSTONE`S INVESTMENT
IN TASTE HOLDINGS LIMITED
("TASTE")
Holders of ordinary and "N" ordinary
Brimstone shares
("Brimstone
shareholders") are referred to the SENS
announcement made by Brimstone on
8
December 2011 and the subsequent SENS announcement made
by Taste on
18
January 2012. Brimstone shareholders are advised that
the acquisition by a
wholly-owned subsidiary of Taste of the business
operated under the name of
The Fish & Chip Co ("the Acquisition") is now
unconditional in
all
respects.
Brimstone has therefore subscribed for 24 000 000
ordinary shares in
the
authorised share capital of Taste ("Taste ordinary
shares") for
an
aggregate subscription price of R36 960 000 being an
issue price of
R1.54
per share ("Taste subscription"). Brimstone
holds 12.4% of the
Taste
ordinary shares in issue pursuant to the Taste
subscription. The
Taste
subscription proceeds will be used by Taste to
partially fund
the
Acquisition.
It should be noted that the value of the transaction
for Brimstone is less
than 5% of Brimstone`s market capitalisation and
accordingly
this
announcement is made
voluntarily.
Cape
Town
20 January
2012
Investment Bank and
Sponsor
Nedbank
Capital
Date: 20/01/2012 15:00:02 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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