RESULTS OF THE PALADIN OFFER TO MINORITY SHAREHOLDERS
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" or “the Group”)
PALADIN Labs Inc.
Incorporated in Canada
TSX SYMBOL: PLB
(“Paladin”)
RESULTS OF THE PALADIN OFFER TO MINORITY SHAREHOLDERS
Shareholders of Litha (“shareholders”) are referred to the various announcements released on the
Securities Exchange News Service (“SENS”) of the JSE Limited (“JSE”) on 21 February 2012, 7 May
2012, 6 June 2012, 22 June 2012 and 3 July 2012, in respect of the Paladin Offer to Minority
shareholders of Litha as detailed in the circular distributed to shareholders and dated 7 May 2012
(“the Circular”). All terms in this announcement bear the same meaning as set out in the Circular.
Shareholders are advised that the Paladin Offer closed at 12:00 on Friday, 20 July 2012 and attracted
acceptances in respect of 94 136 Litha shares. Accordingly, Paladin has now acquired an additional
0,02% interest in Litha, as a consequence of which its holding has increased from 44,52% to 44,54%
of Litha's issued share capital, net of treasury shares.
Shareholders are further advised that the Paladin Offer has been successfully concluded and is now
closed. Payment of the Paladin Offer Consideration has already been made for 25 000 Litha shares
and payment for the balance of the Litha shares in respect of which acceptances were received
being 69 136 was settled today, Monday, 23 July 2012 as follows:
- The Paladin Offer Consideration was credited to the Paladin Offer Participant’s accounts at his
CSDP or broker (as the case may be), in cases where the shares surrendered were held by such CSDP
or broker as nominee for the Paladin Offer Participant.
- Cheques were posted to or credited to the bank accounts of the Paladin Offer Participant (who
held their shares in their own names) at the Paladin Offer Participant’s own risk, in settlement of the
Paladin Offer Consideration.
Midrand
23 July 2012
Merchant bank 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 Moores Rowland
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: 23/07/2012 02:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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