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, 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.
This cautionary announcement was renewed on 21 September 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. These efforts continue.
Shareholders are therefore advised to continue exercising caution when dealing
in the securities of the Company.
Gaborone
12 October 2011
Debt sponsor in South Africa
Renaissance BJM Securities (Pty) Ltd
Sponsoring broker in Botswana
Stockbrokers Botswana Limited
Date: 12/10/2011 16:00:01 Produced by the JSE SENS Department.
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