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: 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, 30 December 2009 and 15
February 2010 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 in relation to the share
subscription agreement has been extended further by agreement between the
parties from 31 March 2010 to 30 April 2010. The date by which certain
conditions precedent are to be fulfilled in relation to the renunciation
agreement has been extended further by agreement between the parties from 31
March 2010 to 30 September 2010.
By order of the Board
Liberty Holdings Limited
Braamfontein
31 March 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: 31/03/2010 16:59:01 Produced by the JSE SENS Department.
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