LBH - Liberty Holdings Limited - Further announcement in relation to the
LBH
LBH
LBH - Liberty Holdings Limited - Further announcement in relation to the
acquisition by Liberty of a controlling interest in CFC Insurance Holdings
Limited ("CfCIH")
LIBERTY HOLDINGS LIMITED
Registration number 1968/002095/06
Share Code: LBH
ISIN Code: ZAE000127148
("Liberty" or "the Company")
FURTHER ANNOUNCEMENT IN RELATION TO THE ACQUISITION BY LIBERTY OF A CONTROLLING
INTEREST IN CfC INSURANCE HOLDINGS LIMITED ("CfCIH")
Shareholders are referred to the announcements published on SENS on 3 December
2009 (the "terms announcement") and 15 December 2009, in which shareholders were
advised that Liberty would acquire control of CfCIH, a leading Kenyan wealth
company that comprises life, general and health insurance businesses in Kenya
and Tanzania (the "Transaction").
Shareholders are advised that the obligations of Liberty in relation to the
Transaction are subject to the fulfilment of, inter alia, the conditions
precedent as set out in detail in the terms announcement. The date by which
certain conditions precedent are to be fulfilled has been extended by agreement
between the parties from 29 December 2009 to 15 February 2010.
By order of the Board
Liberty Holdings Limited
Braamfontein
30 December 2009
Sponsor
Merrill Lynch South Africa (Pty) Ltd
Independent Expert
Fidelis Advisory Partners (Proprietary) Limited
Legal advisers in Kenya
Coulson Harney
Legal advisors in South Africa
Werksmans
Date: 30/12/2009 12:34:01 Produced by the JSE SENS Department.
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