LHG - Litha - Results of General Meeting of Litha Shareholders Regarding

Release Date: 06/06/2012 08:00
Code(s): LHG
 
Wrap Text

LHG - Litha - Results of General Meeting of Litha Shareholders Regarding 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" or "the Company") RESULTS OF GENERAL MEETING OF LITHA SHAREHOLDERS REGARDING STRATEGIC PARTNERSHIP TRANSACTION Shareholders are referred to the two announcements released on SENS setting out the terms and updates of a proposed strategic partnership transaction dated 21 February 2012 and 7 May 2012, respectively, together with the circular that was posted to Litha shareholders on 7 May 2012, and to the definitions contained therein. In this regard, shareholders are advised that the General Meeting of Litha shareholders was held on Tuesday 5 June 2012 and all the ordinary and special resolutions proposed at the General Meeting were approved by the requisite majority of votes, including one amendment (i.e. the insertion of the following additional wording at the end of Special Resolution number 5: "Insofar as may be necessary, the Company is authorised to allot and issue 125 000 redeemable no par value preference shares to FirstRand Bank Limited, acting through its Rand Merchant Bank division, for a total subscription price of R125 000 000,00 (one hundred and twenty five million Rand), being a price of R1 000,00 (one thousand Rand) per preference share, in accordance with the terms and conditions outlined in Annexure 16 to the Circular"). Accordingly, subject to the registration of the requisite special resolutions by the Companies and Intellectual Property Commission, the Transaction will be implemented and the expected implementation date of the Transaction will be Monday, 2 July 2012, barring any delays with registration of the requisite special resolutions. Shareholders will be advised of any changes to the salient dates as well as the finalisation announcement confirming that the Paladin Offer is now unconditional. The finalisation announcement is anticipated to be released on SENS on or before Friday, 6 July 2012, barring any delays with registration of the requisite special resolutions. The remaining salient dates and times, barring any amendments and which relate primarily to the Paladin Offer, will be as follows: 2012 Last day to trade to participate in the Paladin Offer Friday, 29 June 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 Paladin Friday, 6 July Offer is now unconditional, anticipated to be released on SENS on or before Final record date to determine
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