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Time Of Pricing: Market Capitilisation: R
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| Purple Capital's History |
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| 2009 |
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January
Embarked on an imperative to eliminate debt and retain interests only in financial services companies where PC exercises a high level of shareholder control and oversight and is able to access operational cash flows.
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April
Disposed its 20% interest in Acsis Limited for R32 million. |
June
Disposed of its 6,7% interest in CET for R9,55m and its 47% stake in Integer for R9,39m. Following the acquisition of BESA by the JSE Limited, PC disposed of its 5,3% stake for R12,85. |
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| 2008 |
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February
GTE applied to be put under administration as a result of a regulatory capital deficit.
The South African GT operations remained unaffected economically or legally by the circumstances of GTE.
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April
PC required to write down the carrying value of its investment in the GT Group from R315 million to R252 million (given GTE comprised 20% of the GT Group earnings), translating into an income statement (non-cash flow) loss of R63 million.
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October
R119,92m rights offer to eliminate debt and strengthen PC's balance sheet, raise sufficient capital to fund existing operations into the foreseeable future and take advantage of current and future opportunities within its financial services focus.
Participated in underwriting the BESA rights issue – gained 5,3% for R7,5m.
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| 2007 |
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January
Purchased from First South Risk Solutions (Pty) Ltd (member of J&J Group) 73,5% of a treasury management business providing services to the South African National Roads Agency Ltd.
Acquired a 15% equity stake and a R5,0m redeemable debenture investment in AIF (a specialised asset finance company).
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April
Structured and injected equity of R4,8m in respect of Real People South Africa's BEE transaction.
Acquired 29,99% of Spanjaard for R6,35m.
Acquired 47% of Integer for [R14,0m].
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June
R45,4m rights offer to fund these various investment opportunities.
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October
Acquired 100% of Global Trader for €36 million funded by a R159,4m specific issue with the balance being funded out of cash and debt facilities.
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| 2006 |
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January
Blackstar raised £35 million of equity for investment in BEE transactions in South Africa – PC to receive 49.9% of the carried interest received by Blackstar Managers on the first £5 million of equity invested by Blackstar and 30% of the carried interest received by Blackstar Managers on the subsequent £30 million of equity invested by Blackstar.
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February
16.8% of the issued ordinary share capital of PC purchased by new strategic investors.
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September
Acquired a further 20% interest in Umnombo.
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November
Acquired an effective [10%] interest in Cape Empowerment Trust ("CET") in return for an effective 10% interest in PC.
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| 2005 |
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January
A R4,4m rights offer and R3,6m specific issue to Mark Barnes (incoming Chairman)
AVASA Holdings Ltd renamed Purple Capital Ltd ("PC")
PC positioned as a group of financial services entrepreneurs with the intention of aligning like-minded financial experts in a structure that can offer the benefits of association, improve access to efficient capital and not stifle independence.
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April
Acquired 20% of Umnombo Investment Holdings Ltd – a black empowered company with a preferred advisory and co-investment relationship with the Democratic Nursing Organisation of South Africa ("DENOSA")
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May
Acquired 20% of acsis Ltd for R12,0m settled by the issue of 120 million new PC shares at 10 cents per share.
Acquired 30% of Bridge Capital Group Ltd for R5,2m settled by the issue of 51,980,447 new PC shares at 10 cents per share.
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July
PC transferred from the Venture Capital Market to the Main Board of the JSE.
A BEE consortium led by Umnombo acquired 10% of PC for R1 765.96, with 55% thereof being held by DIHOLD, the investment vehicle for DENOSA.
Also consolidated PC's shares on a 1 for 10 basis.
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| Global Trader |
Voltbet.com |
Corporate Finance |
Treasury |
| Global Trader is a full service broker that specializes in online derivatives trading for retail investors. The trading platforms allow for easy access to local and global financial markets and the flexibility to trade in multiple asset classes. Assisted trading, wealth planning, asset management and insurance are also on offer. |
Voltbet, operated by Powerbet, is South Africa’s premier online sports betting platform and the first of its kind to be marketed to the county’s broad population. Voltbet trades under a bookmaker’s licence issued by the Western Cape Gambling and Racing Board. | Purple Capital Corporate Finance takes a proactive approach to advisory services, capital restructuring and funds management for growing companies aimed at presenting logical and original ideas. |
Purple Capital Treasury is an FSB registered, treasury specialist that provides comprehensive treasury management solutions, with particular focus on foreign exchange, to a variety of corporate clients. |
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