Liberty Group Limited - Sale Of Edgars Consolidate
Liberty Group Limited - Sale Of Edgars Consolidated Stores Limited Shares
Liberty Group Limited
(Registration number 1957/002788/06)
(Incorporated in the Republic of South Africa)
Registration number 1957/002788/06
Share Code: LGL
ISIN Code: ZAE000024543
Sale Of Edgars Consolidated Stores Limited Shares
Liberty Group Limited advises that it has sold 2 million ordinary shares in
Edgars Consolidated Stores Limited ("Edcon") on 18 September 2003 held in its
shareholder funds, at a gross price of R87,50 per share. The sale of these 2
million shares was executed in accordance with Liberty"s ongoing strategy to
reposition historically overweight equity positions in its shareholder funds
portfolio at appropriate exit prices. Liberty shareholder funds now have an
investment in 302 496 Edcon shares, valued at R26,5 million (representing only
0,59% of Edcon shares in issue), which is considered more appropriate relative
to the shareholders funds. The proceeds from the sale of the shares will be
retained while the level and mix of shareholder funds continue to be evaluated.
Johannesburg
22 September 2003
Bookrunner Sponsor
Citigroup Merrill Lynch South Africa (Pty) Limited
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