Cell C Moves Forward With JSE Listing Preparations as Pricing Range Is Revised
Cell C Holdings confirmed changes to the indicative pricing range and timing of its bookbuilding process as it prepares for the planned listing of its ordinary shares on the JSE.
Blu Label Telecoms Limited (“Blu Label”) , listed on the Johannesburg Stock Exchange under the share code BLU, has issued a shareholder update following a new announcement from Cell C Holdings Limited (“Cell C Holdings”) on 21 November 2025.
Cell C Holdings confirmed changes to the indicative pricing range and timing of its bookbuilding process as it prepares for the planned listing of its ordinary shares on the JSE. The update forms part of Cell C’s ongoing preparations to list as Cell C ListCo.
Blu Label, a key shareholder in Cell C, notified its investors of the development in line with regulatory disclosure requirements.The announcement was issued from Sandton and was supported by a team of financial and legal advisers. Rand Merchant Bank, a division of FirstRand Bank Limited, is serving as financial adviser and transaction sponsor to both Blu Label and Cell C. Investec Bank Limited is acting as financial adviser to Blu Label. Werksmans Attorneys and DLA Piper Advisory Services are providing legal counsel to Blu Label and Cell C respectively.
The company emphasised that the statement includes forward-looking information related to strategy, performance and future actions. Blu Label cautioned shareholders that these projections are subject to risks and uncertainties that may cause actual future outcomes to differ significantly.
The Group stressed that the announcement does not constitute an offer to sell or subscribe for securities in any jurisdiction. It also reiterated that the information may not be released or distributed in the United States, Canada, Australia, Japan, or any jurisdiction where such distribution would be unlawful.
Furthermore, Blu Label clarified that there will be no public offer of securities in the United States and that the securities referenced have not been registered under the U.S. Securities Act of 1933.
The company also noted that any decision by investors should not rely solely on the contents of this announcement, which has not been reviewed by regulatory authorities other than the JSE and does not constitute financial advice.
Blu Label reiterated that it has no obligation to update forward-looking statements and that the announcement should not be interpreted as a commitment to proceed with the restructuring or future listing activities referenced.
