BRT / BRN - Brimstone - Announcement Regarding A Life Healthcare Group
BRT BRN
BRT
BRT / BRN - Brimstone - Announcement Regarding A Life Healthcare Group
Holdings (Proprietary) Limited ("Life Healthcare") Press Release
Brimstone Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1995/010442/06)
("Brimstone" or "the Company")
(ISIN Number: ZAE000015277 Share Code: BRT)
(ISIN Number: ZAE000015285 Share Code: BRN)
ANNOUNCEMENT REGARDING A LIFE HEALTHCARE GROUP HOLDINGS (PROPRIETARY)
LIMITED ("LIFE HEALTHCARE") PRESS RELEASE
Holders of ordinary and "N" ordinary Brimstone shares ("Brimstone
shareholders") are advised that Life Healthcare has issued a press release
on Friday, 20 November 2009 informing Life Healthcare stakeholders that it
has appointed corporate advisors to advise the Life Healthcare board with
regards to its current shareholder options (the current shareholders of Life
Healthcare are Brimstone, Mvelaphanda Group Limited ("Mvelaphanda"), RMB
Holdings Limited, Old Mutual Investment Group (South Africa) (Proprietary)
Limited, Industrial Development Corporation of South Africa Limited and the
doctors, staff and management of Life Healthcare). The strategic review of
Life Healthcare`s shareholder options follows Mvelaphanda`s announcements in
September and November 2009 of its intentions to realise or unbundle its 22%
interest in Life Healthcare.
Any implementation of a revised shareholding structure in Life Healthcare
could have an impact on Brimstone`s current 22% interest in Life Healthcare.
Brimstone`s board of directors will assess all options available to it in
relation to Brimstone`s shareholding in Life Healthcare. Should any
shareholding restructure be undertaken by Life Healthcare, Brimstone will
pursue a strategy that is in the best interests of Brimstone shareholders.
Brimstone shareholders will be informed of further developments with regard
to Brimstone`s interest in Life Healthcare as and when Life Healthcare has
considered the various shareholder options to be proposed by its advisors in
early 2010.
Cape Town
23 November 2009
Investment bank and sponsor
Nedbank Capital
Legal advisors
Edward Nathan Sonnenbergs
Date: 23/11/2009 13:32:01 Produced by the JSE SENS Department.
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