BILETS - Letshego Holdings Limited - Renewal of cautionary announcement
JSE
BILETS
BILETS - Letshego Holdings Limited - Renewal of cautionary announcement
Letshego Holdings Limited
Incorporated in the Republic of Botswana
Registration number 98/442
("Letshego Holdings" or "the Company")
This announcement is being released on the Johannesburg Stock Exchange for
information purposes only in respect of Letshego Holdings Limited`s Note
Programme
Renewal of cautionary announcement
Letshego Holdings, a leading provider of unsecured consumer loans, is listed
on the Botswana Stock Exchange, is IFSC accredited and has operations in
Botswana, Mozambique, Namibia, Swaziland, Tanzania, Uganda and Zambia.
The Board of Directors of the Company issued a cautionary announcement to
shareholders on 1 September 2011 informing them that Letshego Financial
Services (Pty) Limited (`Letshego Botswana`), a material subsidiary of
Letshego Holdings, became aware on 31 August 2011 of the intention of the
Government of the Republic of Botswana to cease facilitating the deduction of
Micro Lenders loan repayments from source effective 1 December 2011.
The Board of Directors noted that should this revocation come into effect
Letshego Botswana will use alternative methods for the collection of
contractual monthly loan repayments and that it is engaging with the relevant
authorities to obtain more clarity and a resolution to this matter.
Consultations with the relevant authorities are continuing.
Shareholders are therefore advised to continue exercising caution when
dealing in the securities of the Company.
Gaborone
21 September 2011
Debt sponsor in South Africa
Renaissance BJM Securities (Pty) Ltd
Sponsoring broker in Botswana
Stockbrokers Botswana Limited
Date: 21/09/2011 16:00:02 Produced by the JSE SENS Department.
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