BRIEF-Brimstone Investment Says Co's Shareholding In Oceana To Increase From 22.88% To 23.99%

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BRIEF-Brimstone Investment Says Co's Shareholding In Oceana To Increase From 22.88% To 23.99%
Credit: © Reuters.

June 26 (Reuters) - Brimstone Investment Corporation Ltd BRTJ.J :

* NEWSHELF 1064 RF PROPRIETARY ENTERED INTO CONDITIONAL AGREEMENT TO BUY FURTHER 1.5 MILLION OCEANA SHARES FROM TIGER BRANDS

* DEAL REPRESENTS ABOUT 1.11% OF TOTAL OCEANA SHARES IN ISSUE, WILL INCREASE CO'S SHAREHOLDING IN OCEANA FROM 22.88% TO 23.99%

* CONSIDERATION PAYABLE FOR TRANSACTION WILL BE R104.9 MILLION

* PURCHASE CONSIDERATION TO BE SETTLED BY NEWSHELF 1064 FROM AVAILABLE FACILITIES AND ADDITIONAL FUNDING TO EXTENT REQUIRED

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