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SBK - Standard Bank Group Limited - Further Interim Acceptances Of The
Unconditional Offer To Ordinary Shareholders Of Liberty Holdings Limited
Standard Bank Group Limited
Registration No. 1969/017128/06
Incorporated in the Republic of South Africa
JSE share code: SBK
NSX share code: SNB
ISIN: ZAE000109815
("Standard Bank")
FURTHER INTERIM ACCEPTANCES OF THE UNCONDITIONAL OFFER TO ORDINARY SHAREHOLDERS
OF LIBERTY HOLDINGS LIMITED
1. INTRODUCTION
Further to the announcements dated 26 June 2008 and 7 July 2008 regarding
Standard Bank`s unconditional offer to acquire the remaining ordinary
shares in the issued ordinary share capital of Liberty Holdings Limited
("Liberty Holdings") which it did not own (the "offer shares") by means of
an offer in terms of Chapter XVA of the Companies Act (Act 61 of 1973), as
amended ("the offer"), Standard Bank hereby announces the interim
acceptances received in respect of the offer after 12:00 on Friday, 4 July
2008, but prior to 12:00 on Friday, 11 July 2008.
The offer remains open for acceptance until 12:00 on Friday, 18 July 2008.
2. INTERIM ACCEPTANCES RECEIVED
Interim acceptances were received after 12:00 on Friday, 4 July 2008 but
prior to 12:00 on Friday, 11 July 2008 in respect of 1 301 716 offer
shares, representing 7.25% of the total offer shares and 2.65% of the
aggregate number of Liberty Holdings ordinary shares in issue.
Accordingly, Standard Bank`s aggregate direct shareholding in Liberty
Holdings after these acceptances is 45 783 950 ordinary shares,
representing 93.26% of the aggregate number of Liberty Holdings ordinary
shares in issue.
Settlement of the aggregate consideration of R285 401 233 in respect of the
offer shares tendered after 12:00 on Friday, 4 July 2008, but prior to
12:00 on Friday, 11 July 2008 will be effected today, Monday 14 July 2008.
3. FINAL SETTLEMENT DATE
The final settlement date will be Monday, 21 July 2008, which will be in
respect of the acceptances received by the transfer secretaries after 12:00
on Friday, 11 July 2008, but before 12:00 on Friday, 18 July 2008.
4. IMPORTANT DATES AND TIMES
The important dates and times of the offer are set out below:
Liberty Holdings ordinary shares trade "ex" the Monday, 14 July 2008
offer
Record date in order to participate in the offer Friday, 18 July 2008
The offer closes at 12:00 on Friday, 18 July 2008
Results of the offer released on SENS Monday, 21 July 2008
Results of the offer published in the press Tuesday, 22 July 2008
Final settlement date (see note 1 below) Monday, 21 July 2008
Notes:
1. The procedures for the acceptance of the offer, and payments of
consideration, were detailed in Standard Bank`s announcement dated 26 June
2008 and the offer document posted by Standard Bank to Liberty Holdings
shareholders on that date.
2. Offerees should note that acceptance of the offer will be irrevocable.
3. Liberty Holdings ordinary shareholders may not dematerialise or
rematerialise their existing Liberty Holdings shares between Monday, 14
July 2008 and Friday, 18 July 2008, both days inclusive.
Johannesburg
14 July 2008
Investment bank and sponsor to Standard Bank
Standard Bank
Joint financial adviser to Standard Bank
Goldman Sachs International
Independent sponsor to Standard Bank
Deutsche Securities (SA) (Proprietary) Limited
Legal advisers to Standard Bank
Bowman Gilfillan
Sponsor to Standard Bank in Namibia
Simonis Storm
Date: 14/07/2008 14:45:46 Supplied by www.sharenet.co.za
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