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LHG - Litha Healthcare Group Limited - Update on Strategic Partnership

Release Date: 24/04/2012 10:58
Code(s): LHG
Wrap Text

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 Supplied by www.sharenet.co.za 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.

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