LBH - Liberty Holdings Limited - Finalization of the acquisition by Liberty of a
LBH
LBH
LBH - Liberty Holdings Limited - Finalization of 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")
FINALIZATION OF THE ACQUISITION BY LIBERTY OF A CONTROLLING INTEREST IN CfC
INSURANCE HOLDINGS LIMITED ("CfCIH")
Shareholders are referred to the various SENS announcements, first published on
3 December 2009 and the last on 28 February 2011, 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").
All of the outstanding conditions precedent have been fulfilled and the
Transaction will now be implemented. Liberty will have acquired an effective 57%
shareholding in CfCIH prior to the commencement of trading of CfCIH on the
Nairobi Stock Exchange, which will take place on Thursday, 21 April 2011.
By order of the Board
Liberty Holdings Limited
Braamfontein
20 April 2011
Sponsor
Merrill Lynch South Africa (Pty) Ltd
Independent expert
Fidelis Partners
Legal advisors in South Africa
Werksmans
Legal advisors in Kenya
Coulson Harney
Date: 20/04/2011 16:00:28 Produced by the JSE SENS Department.
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