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Brimstone Investment Corporation Ltd (BRNJn.J)

BRNJn.J on Johannesburg Stock Exchange

905.00ZAc
22 Mar 2019
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Latest Key Developments (Source: Significant Developments)

Brimstone Says Conditions Precedent To Buying Shares In Oceana From Tiger Brands Duly Fulfilled
Friday, 1 Mar 2019 

March 1 (Reuters) - Brimstone Investment Corporation Ltd ::ANNOUNCEMENT REGARDING THE PROPOSED ACQUISITION OF SHARES IN OCEANA FROM TIGER BRANDS.CONDITIONS PRECEDENT TO DEAL REGARDING PROPOSED ACQUISITION OF SHARES IN OCEANA FROM TIGER BRANDS HAVE BEEN DULY FULFILLED.  Full Article

Brimstone Investment Corp To Review Its Role In Proposed Clover Transaction
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Brimstone Investment Corporation Ltd ::TAKEN NOTE OF WIDESPREAD OUTRAGE IN RESPECT OF CO'S PARTICIPATION IN PROPOSED PURCHASE OF CLOVER INDUSTRIES LIMITED.DECIDED TO REVIEW ITS ROLE IN PROPOSED CLOVER TRANSACTION.  Full Article

Brimstone Buys 15 Pct Indirect Interest In Clover Industries
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Brimstone Investment Corporation Ltd ::ACQUISITION BY BRIMSTONE OF A 15% INDIRECT INTEREST IN CLOVER AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT.AMOUNT PAYABLE TO CLOVER SHAREHOLDERS IN TERMS OF SCHEME WILL BE A CASH CONSIDERATION OF R25.00 PER CLOVER SHARE.BRIMSTONE SHALL SUBSCRIBE FOR 15% OF ENTIRE ISSUED SHARE CAPITAL OF MILCO SA FOR A CASH CONSIDERATION OF R726 MILLION.IF SCHEME BECOMES OPERATIVE CLOVER WILL BECOME A WHOLLY-OWNED SUBSIDIARY OF MILCO SA.PROPOSED DEAL FOR R4.8 BILLION.  Full Article

Brimstone Investment Corp To Buy Oceana Shares For 581.44 Mln Rand
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Brimstone Investment Corporation Ltd ::ANNOUNCEMENT REGARDING THE ACQUISITION OF OCEANA SHARES.CONDITIONAL BUT BINDING OFFER TO ACQUIRE 8 MILLION OCEANA GROUP LIMITED ORDINARY SHARES FROM TIGER BRANDS.DEAL IS FOR 5.9 PCT OF TOTAL OCEANA SHARES IN ISSUE, TO INCREASE BRIMSTONE'S SHAREHOLDING IN OCEANA FROM 16.98 PCT TO 22.88 PCT.NET ASSET VALUE OF TRANSACTION IS R272.9 MILLION.CONSIDERATION PAYABLE FOR TRANSACTION WILL BE R581.44 MILLION.  Full Article

Brimstone Says To Subscribe For 21.4 Mln Sea Harvest Shares At 14 Rand/Share
Wednesday, 17 Oct 2018 

Oct 17 (Reuters) - Brimstone Investment Corporation Ltd ::ENTERED DEAL WITH SEA HARVEST; BRIMSTONE WILL BE SUBSCRIBING FOR 21.4 MILLION SEA HARVEST SHARES AT R14.00 PER SHARE.SUBSCRIPTION TO INCREASE BRIMSTONE'S SHAREHOLDING IN SEA HARVEST FROM 50.6 PCT TO 54.2 PCT.  Full Article

Brimstone Investment Corp HY Loss R227.1 Mln Vs Loss Of R201 Mln
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Brimstone Investment Corporation Ltd ::REPORTED A LOSS FOR HY UNDER REVIEW OF R227.1 MILLION COMPARED TO A LOSS OF R201 MILLION IN COMPARATIVE PERIOD.HY GROUP REVENUE FOR PERIOD DECREASED BY 5% TO R1.0 BILLION (2017: R1.1 BILLION).HY LOSS IS MAINLY DUE TO DOWNWARD REVALUATION OF LISTED INVESTMENTS.NO INTERIM DIVIDEND IS DECLARED FOR HALF YEAR..WILL CONTINUE TO MAINTAIN ITS POSITIVE LONG-TERM VIEW ON ITS INVESTMENTS AND PURSUE VALUE ACCRETIVE OPPORTUNITIES.  Full Article

Brimstone Investment Says Sea Harvest In Talks to Acquire Fishing Business Of Viking Fishing
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Brimstone Investment Corporation Ltd ::‍SEA HARVEST ENTERED NEGOTIATIONS RELATING TO ACQUISITION BY CONSORTIUM LED BY SEA HARVEST OF FISHING BUSINESS OF VIKING FISHING.SEA HARVEST ENTERED NEGOTIATIONS RELATING TO ACQUISITION BY SEA HARVEST OF 51% OF VIKING AQUACULTURE PROPRIETARY.  Full Article

Stadio Holdings Says ‍Successfully Raised 200 Million Rand Via Placing
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Stadio Holdings Ltd ::‍SUCCESSFULLY RAISED R200 MILLION; NEW BLACK INVESTORS AND BRIMSTONE EACH CONTRIBUTED R100 MILLION IN TERMS OF PRIVATE PLACEMENT​.  Full Article

Brimstone Investment and Stadio says agreement to ‍acquire MBS Education​
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Brimstone Investment Corporation Ltd ‍​:‍BRIMSTONE AND STADIO HOLDINGS HAVE ENTERED INTO AN AGREEMENT WITH COÖPERATIVE APOLLO GLOBAL NETHERLANDS U.A.​.AGREEMENT INCLUDES WITH ‍COÖPERATIVE APOLLO GLOBAL NETHERLANDS U.A., ENCOSOLVE PROPRIETARY AND MBS EDUCATION INVESTMENTS.AGREEMENT IS TO ‍ACQUIRE 100% OF ISSUED SHARE CAPITAL OF MBS EDUCATION​.‍PURCHASE CONSIDERATION PAYABLE FOR BRIMSTONE'S 30% STAKE IN MILPARK IS R96 MILLION AND WILL BE SETTLED FROM EXISTING CASH RESOURCES​.  Full Article

Stadio says agrrement for Milpark SPV to acquire 100% of MBS Education​
Friday, 13 Oct 2017 

Oct 13 (Reuters) - STADIO HOLDINGS LTD :AGRREMENT FOR ‍MILPARK SPV TO ACQUIRE 100% OF ISSUED SHARE CAPITAL OF MBS EDUCATION​.DEAL FOR 320 MILLION RAND.‍CONSIDERATION WILL BE SETTLED IN CASH BY MILPARK SPV BY WAY OF ELECTRONIC FUNDS TRANSFER​.  Full Article

Deals of the day-Mergers and acquisitions

Feb 4 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

No consensus analysis data available.