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18
Nov 14

PurePlay Notes - Negotiations Start

on Tuesday, 18 November 2014 10:15.

We have entered into sensitive negotiations with a number of issuers of and Investors in PurePlay Notes. These negotiations further involve third parties, market development & support entities and regulatory authorities. The result is that we will now discontinue the news updates until all regulatory and sensitive processes are complete. We will resume news items when we are ready for placing activity.

27
May 14

Mandate from First Potential Issuer

on Tuesday, 27 May 2014 10:59.

PurePlay Holdings has reached a significant milestone with achievement of a Mandate from its first potential Issuer. We still have a number of outstanding conditions to comply with said Peter Dawe, executive director of PurePlay Holdings but the way is now open to focus on implementation of the project. Detailed information will be released once the process has achieved greater finality.

20
May 14

Final Tax and Accounting Opinions received from KPMG

on Tuesday, 20 May 2014 10:58.

The tax treatment of PurePlay® Instruments will be governed by Section 24C of the Income Tax Act, KPMG advised as part of its SA Tax Opinion. They further provided a comprehensive IFRS International Accounting Opinion for Issuers to follow when they account for the PurePlay® Instruments. Receipt of these two opinions concludes the PurePlay Holdings’ validation process having independently validated the product legally, for accounting purposes and in terms of taxation legislation.

14
May 14

Investor Presentations very positive

on Wednesday, 14 May 2014 10:58.

Investor presentations have been on-going since the start of May 2014 and the reception of the PurePlay® concept is very positive. Presentations have also been made to potential market makers, traders and placing agents. There is strong demand for a cost efficient commodity investment vehicle and PurePlay® Instruments are the ultimate in cost efficiency at zero costs said Sarel Oberholster, director at PurePlay Holdings.

05
May 14

First Issuer’s Legal Representatives’ Briefing

on Monday, 05 May 2014 10:57.

The PurePlay® Legal and Technical team today briefed the first potential Issuer’s legal representative for an evaluation of the PurePlay® Legal framework. It went very well said Peter Dawe, Director and leader of the PurePlay ®Legal Team. The Legal Representatives will report directly to the potential Issuer’s top management but we do not foresee any difficulties, he added.

24
Apr 14

TECHNICAL TEAMS SIGN OFF ON IFRS ACCOUNTING OPINION

on Thursday, 24 April 2014 08:57.

The technical teams of KPMG and PurePlay Holding (Pty) Ltd (PPH) have completed their tasks on the IFRS International Accounting Opinion on PurePlay Instruments. We will now proceed to issue the Final IFRS Accounting Opinion before the end of April 2014, advised KPMG. The accounting treatment of PurePlay® Instruments will not impede the project in any way and the PPH Technical team in very pleased that KPMG has validated their view that PurePlay® Instrument will not be treated similarly to derivatives, nor will PurePlay® Instruments need to be “marked-to-market”.

17
Apr 14

KPMG RELEASE FIRST SA TAX OPINION DRAFT

on Thursday, 17 April 2014 08:56.

Technical teams at PurePlay Holdings (Pty) Ltd (PPH) are looking at a working Easter weekend with the Draft SA Tax Opinion now to hand. Potential Issuers have been eagerly awaiting this Opinion for a while, said Sarel Oberholster, a director of PPH. We will spend time with family but we will also make some time to do our assessments as we do not want to delay the process. The tax assessment has been a very technical process but KPMG is confident that PurePlay® Instruments will be tax neutral as had been expected by the PurePlay Design team.

Patents and Trade Marks

The Intellectual Property of PurePlay Holdings (Pty) Ltd is protected by world-wide pending Patents.

Trademarks awaiting registration are PurePlay™, Nature’s Vault™, As Good as Gold™ and Sp☼t True Value™.

Contact Details

5 Jan Smuts Avenue,Winston Park
Durban, 3610,South Africa


Tel: +27 31 7670156
Cell: +27 82 4515864
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.