LHC - Life Healthcare Group Holdings Limited - Subscription of 26% of the
LHC
LHC
LHC - Life Healthcare Group Holdings Limited - Subscription of 26% of the
share capital of Max Healthcare Institute Limited
LIFE HEALTHCARE GROUP HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2003/002733/06
ISIN: ZAE000145892
Share Code: LHC
("Life Healthcare" or "the Company")
SUBSCRIPTION OF 26% OF THE SHARE CAPITAL OF MAX HEALTHCARE INSTITUTE LIMITED
Further to the SENS announcement published on 11 October 2011, Life Healthcare
wishes to advise shareholders that the Company has signed definitive
agreements with Max Healthcare Institute Limited ("MHC") and Max India Limited
("Max India") for the subscription of 26% of the post-issue share capital of
MHC subject to the fulfilment of certain conditions precedent. The
subscription price is Rs 516.5 crore. Life Healthcare will provide pro-rata
guarantees for its proportionate share of the debts of MHC currently
guaranteed by Max India.
MHC is a leading private hospital provider in the Delhi-NCR (National Capital
Region) and is a subsidiary of Max India, one of India`s leading multi
business corporates.
Illovo
16 January 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 16/01/2012 11:00:01 Produced by the JSE SENS Department.
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