| Fri 22 Jun 2012, 8:00 | | LHG - Litha Healthcare Group Limited - Registration of special resolutions |
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LHG
LHG
LHG - Litha Healthcare Group Limited - Registration of special resolutions
LITHA HEALTHCARE GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/006371/06)
Share code: LHG
ISIN: ZAE000144671
("Litha" or "the Company")
REGISTRATION OF SPECIAL RESOLUTIONS
Shareholders are referred to the results of general meeting announcement
released on the JSE Limited Stock Exchange News Service ("SENS") on 6 June
2012.
In this regard, shareholders are advised that the registration of the
requisite special resolutions by the Companies and Intellectual Property
Commission has been completed and accordingly the remaining salient dates
and times, primarily to the Paladin Offer, will be as follows:
2012
Last day to trade to participate in the Paladin Friday, 29 June
Offer on
Shares trade "ex" the Paladin Offer on Monday, 2 July
Expected implementation date of the Transaction Monday, 2 July
Listing of the Subscription Shares from the Tuesday, 3 July
commencement of business on
Finalisation announcement confirming that the Friday, 6 July
Paladin Offer is now unconditional, anticipated to
be released on SENS on or before
Final record date to determine the Paladin Offer Friday, 6 July
Participants
The Paladin Offer closes provisionally at 12:00 on Friday, 20 July
Forms of acceptance and surrender not yet received, Friday, 20 July
to be received by the transfer secretaries by no
later than 12:00 on
Results of the Paladin Offer to be released on SENS Monday, 23 July
on
Paladin Offer Consideration credited to the Paladin Monday, 23 July
Offer Participant`s accounts at his CSDP or broker
(as the case may be), in cases where the shares
surrendered are held by such CSDP or broker as
nominee for the Paladin Offer Participant, by no
later than on (see note 4 below)
Cheques posted to or credited to the bank accounts Monday, 23 July
of the Paladin Offer Participant (who hold their
shares in their own names) at the Paladin Offer
Participant`s own risk, in settlement of the
Paladin Offer Consideration, by no later than on
(see note 4 below)
Notes:
1 The above dates and times are subject to change. Any changes will be
released on SENS and published in the South African press.
2. All times quoted in this announcement are South African times.
3. In terms of the Regulations, the Paladin Offer must remain open for at
least 10 business days after the date that it is announced that the
Paladin Offer is unconditional. Accordingly, Paladin reserves the right
to change the Paladin Offer Closing Date to an earlier or later
business day which shall be announced by Paladin in the announcement
that the Paladin Offer is unconditional and which date shall be a
Friday, shall not be earlier than 10 business days after the date of
the announcement; and shall not be earlier than 30 business days from
the Paladin Offer Opening Date.
4. Settlement dates of the Paladin Offer Consideration, being within six
business days after the later of (i) the Paladin Offer being declared
wholly unconditional, and (ii) acceptance thereof by the relevant
Paladin Offer Participant, with the final settlement date being the
business day after the Paladin Offer Closing Date.
Midrand
22 June 2012
Merchant bank, funder and sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Transaction originator and debt underwriter
Blackstar
Independent expert
BDO Corporate Finance Proprietary Limited
Reporting accountants
Mazars
Legal advisors to Litha and Blackstar
Edward Nathan Sonnenbergs Inc
Independent sponsor
Deloitte & Touche Sponsor Services Proprietary Limited
South African legal advisors to Paladin
Werksmans Inc
Canadian legal advisors to Paladin
Davies Ward Phillips & Vineberg LLP
Date: 22/06/2012 08:00:03 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
