LBH - Liberty Holdings - Notice to shareholders in respect of Section 45 of The
LBH
LBH
LBH - Liberty Holdings - Notice to shareholders in respect of Section 45 of The
Companies Act No 71 of 2008
LIBERTY HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 1968/002095/06
("Liberty" or the "Company")
Alpha Code LBH
ISIN code: ZAE000127148
NOTICE TO SHAREHOLDERS IN RESPECT OF SECTION 45 OF THE COMPANIES ACT NO 71 OF
2008 ("Act")
Shareholders of Liberty are referred to the special resolution tabled and
approved at the Annual General Meeting held on 13 May 2011, authorising
directors to provide any financial assistance to any company or corporation
which is related or inter-related to the Company.
In terms of section 45(2) of the Act, the board has authorised the Company to
provide loan facilities, in the normal course of business, to subsidiaries of
Liberty, having satisfied itself that the terms of the facilities are fair and
reasonable and that the Company would satisfy the solvency and liquidity test
after extending such facilities, in terms of section 4 of the Act. Shareholders
are advised that the total facility value if utilized will exceed 1/10th of 1%
of the company`s net worth as at the date of the last board meeting, being 24
November 2011.
Johannesburg
2 December 2011
Sponsor:
Merrill Lynch South Africa (Pty) Limited
Date: 02/12/2011 17:00:02 Produced by the JSE SENS Department.
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