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BLUE LABEL TELECOMS LIMITED - Cautionary Announcement

Release Date: 26/08/2021 16:16
Code(s): BLU     PDF:  
Wrap Text
Cautionary Announcement

Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU
ISIN: ZAE000109088
(“Blue Label”)


Shareholders are advised that The Prepaid Company Proprietary Limited, a wholly owned subsidiary of
Blue Label and a shareholder of 45% of the issued share capital of Cell C Limited, has concluded a term
sheet for an Airtime Purchase transaction with Investec Bank Limited First Rand Bank Limited (acting
through its Rand Merchant Bank division) and other financiers, the proceeds of which are intended to be
utilised for the recapitalisation of Cell C. This arrangement is subject to the conclusion of all legal
documentation and fulfilment of all conditions precedent under such legal documentation.

The above transaction could have a material impact on the price at which Blue Label shares trade on the
JSE. Accordingly, Blue Label shareholders are advised to exercise caution when dealing in their Blue
Label shares.


26 August 2021

Financial Advisor and Sponsor
Investec Bank Limited

Legal Advisor to Blue Label
Werksmans Inc

Date: 26-08-2021 04:16:00
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