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LETSHEGO HOLDINGS LIMITED - Withdrawal of Cautionary Announcement - LHL01, LHL02, LHL03, LHL13

Release Date: 07/12/2015 17:33
Wrap Text
Withdrawal of Cautionary Announcement - LHL01, LHL02, LHL03, LHL13

Letshego Holdings Limited
Incorporated in the Republic of Botswana
Registration number 98/442


JSE   Bond   Code:LHL01   ISIN   No.ZAG000101908
JSE   Bond   Code:LHL02   ISIN   NO.ZAG000101916
JSE   Bond   Code:LHL03   ISIN   No.ZAG000101924
JSE   Bond   Code:LHL13   ISIN   No.ZAG000129719


(“Letshego Holdings” or “the Company”)


This announcement is being released on the Johannesburg Stock Exchange for
information purposes only in respect of Letshego Holdings Limited’s Note
Programme

Letshego Holdings Limited (“Letshego” / “the Company”) was incorporated in
1998, is headquartered in Gaborone and has been publicly listed on the
Botswana Stock Exchange (BSE) since 2002. It is a holding company with
consumer and micro lending subsidiaries across nine countries in Southern and
East Africa - Botswana, Kenya, Lesotho, Mozambique, Namibia, Rwanda,
Swaziland, Tanzania and Uganda. Letshego has deposit taking licenses in
Mozambique, Rwanda and Tanzania.

Shareholders     are advised that the transaction in Nigeria, as communicated to
Shareholders     on 24 July 2015 and updated on 8 September 2015 and 28 October
2015 is now       substantially complete after obtaining preliminary regulatory
approvals in     Nigeria.

Therefore the Board of Directors would like to update Shareholders that the
Company is looking to become the 100% shareholder of FBN Microfinance Bank
Limited (FBN MFB), a deposit taking financial institution that specializes in
micro finance. This is subject to obtaining final regulatory approval and the
completion of the remaining conditions precedent.

FBN MFB has a national license in Nigeria, operates a branch network of 28
customer access points, has a staff compliment of over 300 a depositor base
of 80,000 customers and a loan customer base of over 10,000.     It will be
rebranded to Letshego MFB during 2016.

The Board expects that all remaining regulatory approvals and conditions
precedent will be finalized shortly.     Therefore, Shareholders are advised
that exercising caution when dealing in the Company’s securities is no longer
required.

For and on behalf of the Board of Directors

J A Burbidge                                       A C M Low

Group Chairman                                     Group Managing Director

GABORONE, Wednesday, 7 December 2015


Debt sponsor in South Africa
The Standard Bank of South Africa Limited, acting through its Corporate and
Investment Banking division
Sponsoring broker in Botswana
Stockbrokers Botswana Limited

Date: 07/12/2015 05:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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