Cell C moves closer to JSE debut, Blu Label updates
Blu Label Telecoms has issued a shareholder update following new information from Cell C Holdings regarding its planned stock exchange listing. Cell C Holdings announced an adjustment to the indicative pricing range and schedule for its upcoming bookbuilding process. Blu Label, a significant stakeholder in the mobile operator, released the statement to comply with financial disclosure regulations.
The company cautioned that the announcement contains forward-looking statements about strategy and future performance, which are subject to inherent risks and uncertainties. It clarified that the communication does not represent an offer to sell securities, particularly in the United States, where such an offer would be unlawful without registration. Blu Label also noted that the information provided is not financial advice and has not been reviewed by regulatory bodies beyond the Johannesburg Stock Exchange.
