BRT / BRN - Brimstone - Announcement Regarding A Life Healthcare Group Holdings
BRT BRN
BRT
BRT / BRN - Brimstone - Announcement Regarding A Life Healthcare Group Holdings
(Proprietary) Limited ("Life Healthcare") Press Release And Cautionary
Announcement To Brimstone Shareholders
BRIMSTONE INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/010442/06)
Share Code: BRT
ISIN Number: ZAE000015277
Share Code: BRN
ISIN Number: ZAE000015285
("Brimstone" or "the Company")
ANNOUNCEMENT REGARDING A LIFE HEALTHCARE GROUP HOLDINGS (PROPRIETARY) LIMITED
("LIFE HEALTHCARE") PRESS RELEASE AND CAUTIONARY ANNOUNCEMENT TO BRIMSTONE
SHAREHOLDERS
On Monday, 23 November 2009, holders of ordinary and "N" ordinary Brimstone
shares ("Brimstone shareholders") were advised that Life Healthcare had issued a
press release informing Life Healthcare stakeholders that it had appointed
corporate advisors to advise the Life Healthcare board with regards to its
current shareholder options. The strategic review of Life Healthcare`s
shareholder options followed Mvelaphanda Group Limited`s announcements in
September and November 2009 of its intentions to realise or unbundle its 22%
interest in Life Healthcare.
Earlier today Life Healthcare issued a press release stating that following the
strategic review between Life Healthcare`s stakeholders and its advisors, the
preferred route is to list Life Healthcare on the JSE Limited within the next
nine months subject to market conditions and that further information regarding
the proposed listing will be announced in due course.
Further to the conclusion of the strategic review, Brimstone shareholders are
advised that Brimstone has entered into negotiations which, if successfully
concluded, may have an effect on the price of the Company`s shares. Accordingly,
Brimstone shareholders are advised to exercise caution when dealing in the
Company`s shares until a further announcement is made.
Cape Town
8 March 2010
Investment bank and sponsor
Nedbank Capital
Legal advisors
Edward Nathan Sonnenbergs
Date: 08/03/2010 11:38:01 Produced by the JSE SENS Department.
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