LBH - Liberty - Further Announcement In Relation To The Acquisition By Liberty
LBH
LBH
LBH - Liberty - 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: 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"), 15 December 2009 and 30 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 further by
agreement between the parties from 15 February 2010 to 31 March 2010.
By order of the Board
Liberty Holdings Limited
Braamfontein
15 February 2010
Sponsor
Merrill Lynch South Africa (Pty) Ltd
Independent expert
Fidelis Partners
Legal advisors in South Africa
Werksmans
Legal advisors in Kenya
Coulson Harney
Date: 15/02/2010 17:08:37 Produced by the JSE SENS Department.
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