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, 15 February
2010, 31 March 2010 and 14 April 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 reminded 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. Shareholders are
hereby advised that 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 30 September 2010 to 15 December 2010.
By order of the Board
Liberty Holdings Limited
Braamfontein
29 September 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: 29/09/2010 14:25:01 Produced by the JSE SENS Department.
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