LHG - Litha Healthcare Group Limited - Update on Strategic Partnership
LHG
LHG
LHG - Litha Healthcare Group Limited - Update on Strategic Partnership
Transaction
LITHA HEALTHCARE GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/006371/06)
Share code: LHG ISIN: ZAE000144671
("Litha")
UPDATE ON STRATEGIC PARTNERSHIP TRANSACTION
Shareholders are referred to the announcement released on the Securities
Exchange News Service ("SENS") of the JSE Limited on 21 February 2012 and to
the definitions contained therein ("the Announcement") regarding a sale of
shares and subscription agreement with Paladin in terms of which Litha will
purchase certain Pharmaplan shares from Paladin for cash and Paladin will
subscribe for new Litha shares, which together with the other indivisible
transactions described in the Announcement, shall be referred to as "the
Transaction". In this regard, shareholders are advised that there has been a
delay in the posting of the Circular such that the date of the General Meeting
of shareholders, which was previously disclosed to be 10h00 on Wednesday,
2 May 2012 ("the General Meeting"), will be amended to a later date.
Shareholders will be advised of the salient dates and times relating to the
Transaction on SENS and on the date of distribution of the Circular.
Midrand
24 April 2012
Merchant bank and sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Independent Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited
Date: 24/04/2012 10:58:01 Produced by the JSE SENS Department.
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