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
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, 14 April 2010 and 29 September 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 15 December 2010 to 28 February 2011.
By order of the Board
Liberty Holdings Limited
Braamfontein
13 December 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: 13/12/2010 15:06:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
