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LBH SBK
LBH SBK
SBK/LBH - Standard Bank/Liberty Holdings - Posting Of Section 440k(3)(A) Notices
By Standard Bank To Ordinary Shareholders Of Liberty Holdings That Did Not
Accept Standard Bank`s Offer
Standard Bank Group Limited
Registration No. 1969/017128/06
Incorporated in the Republic of South Africa
JSE share code: SBK
NSX share code: SNB
ISIN: ZAE000109815
("Standard Bank")
LIBERTY HOLDINGS LIMITED
Registration No. 1968/002095/06
Incorporated in the Republic of South Africa
JSE share code: LBH
ISIN: ZAE000004032
("Liberty Holdings")
POSTING OF SECTION 440K(3)(a) NOTICES BY STANDARD BANK TO ORDINARY SHAREHOLDERS
OF LIBERTY HOLDINGS THAT DID NOT ACCEPT STANDARD BANK`S OFFER
1. INTRODUCTION
In terms of section 440K(3)(a) of the Companies Act (Act 61 of 1973), as
amended ("the Act"), an offeror in an affected transaction is required
within a month to give notice to the remaining offerees who have not
accepted the offer, of the fact that it has become the beneficial
shareholder of 90% or more of the shares of the offeree company, and that
for a period of three months from the date of that notice, the remaining
offerees have the right to require the offeror to purchase their shares
which were the subject of the offer, on the same terms and conditions as
prevailed under the offer.
2. NOTICE
Standard Bank today posted the notices required to be given in terms of
section 440K(3)(a) of the Act to the remaining Liberty Holdings ordinary
shareholders who did not accept Standard Bank`s offer as detailed in the
announcement published and circular posted on 26 June 2008 ("the offer")
("the remaining offerees").
The remaining offerees have consequently been given notice that, until the
close of business on 31 October 2008, they may require Standard Bank to
purchase their remaining Liberty Holdings ordinary shares which were the
subject of the offer, on the same terms and conditions as the offer.
Johannesburg
31 July 2008
Investment bank and sponsor to Standard Bank
Standard Bank
Joint financial adviser to Standard Bank
Goldman Sachs International
Independent sponsor to Standard Bank
Deutsche Securities (SA) (Proprietary) Limited
Legal advisers to Standard Bank
Bowman Gilfillan
Independent sponsor to Liberty Holdings
Merrill Lynch South Africa (Proprietary) Limited
Legal adviser to Liberty Holdings
Werksmans
Date: 31/07/2008 15:30:02 Produced by the JSE SENS Department.
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