| Mon 24 Nov 2008, 14:20 | | LBH - Libhold - Sub-Division And Increase In Issued Share Capital |
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LBH
LBH
LBH - Libhold - Sub-Division And Increase In Issued Share Capital
LIBERTY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/002095/06)
JSE share code: LBH & ISIN: ZAE000127148
("Libhold")
SUB-DIVISION AND INCREASE IN ISSUED SHARE CAPITAL
Shareholders are referred to the previous announcements released on SENS on
Thursday, 4 September 2008, Friday, 26 September 2008 Tuesday, 21 October 2008
and Wednesday, 12 November 2008, relating to:
- an offer by Libhold to acquire all of the issued ordinary shares of Liberty
Group Limited ("Liberty") (other than those already held by Libhold and
Liberty`s treasury shares) in exchange for an issue of ordinary shares in
Libhold ("consideration shares") by means of a scheme of arrangement
("scheme") in terms of section 311 of the Companies Act, No. 61 of 1973, as
amended ("Companies Act"); and
- the sub-division of each share in Libhold`s authorised and issued ordinary
share capital into three ordinary shares and the increase in Libhold`s
authorised ordinary share capital to enable Libhold to issue the
consideration shares,
all of which have become unconditional.
Shareholders are advised of the changes to Libhold`s ordinary share capital
pursuant to the above, which are reflected in Libhold`s listed ordinary share
capital as of 24 November 2008, even though the abovementioned transactions will
only be implemented on 1 December 2008:
1. Libhold`s issued ordinary share capital before the sub-division and
increase in its ordinary share capital:
49 090 722 ordinary shares of 25 cents each;
2. Libhold`s issued ordinary share capital after the sub-division of each its
ordinary shares into three ordinary shares:
147 272 166 ordinary shares of 8.33 cents each;
3. Libhold`s ordinary share capital after the listing on 24 November 2008 of
138 750 207 consideration shares with a par value of 8.33 cents each:
286 022 373 ordinary shares of 8.33 cents each.
Johannesburg
24 November 2008
Independent Sponsor
Merrill Lynch South Africa (Pty) Ltd
Date: 24/11/2008 14:20:01 Produced by the JSE SENS Department.
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