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LIBERTY HOLDINGS LIMITED - Finalisation of Fairness Opinion - Small Related Party Transaction

Release Date: 20/03/2019 16:57
Code(s): LBH     PDF:  
Wrap Text
Finalisation of Fairness Opinion - Small Related Party Transaction

LIBERTY HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 1968/002095/06
ISIN code: ZAE000127148
Alpha Code LBH
("Liberty Holdings" or “Company”)

FINALISATION OF FAIRNESS OPINION - SMALL RELATED PARTY TRANSACTION

Shareholders of Liberty Holdings (“Shareholders”) are referred to the Company
announcement released on the Stock Exchange News Service (“SENS”) on 27
February 2019, which advised Shareholders that the Company had entered into
a Sale and Purchase Agreement with The Standard Bank of South Africa Limited
to dispose of 100% of the technology platform (the “Transaction”), and the
appointment of Ernst & Young Advisory Services (Pty) Limited (“EY”), as the
Independent Expert with regards to the provision of a fairness opinion in
relation to the Transaction.

EY has concluded and confirmed to the Board of Liberty Holdings that the
terms of the transaction are fair as far as the Shareholders, other than
SBG, are concerned, and in this regard a copy of such fairness opinion has
been provided to the JSE. As required in terms of paragraph 10.7(c) of the
JSE Limited Listings Requirements, the fairness opinion will lie open for
inspection at the registered offices of Liberty Holdings at 1 Ameshoff
Street, Braamfontein Johannesburg for a period of 28 days from the date of
this announcement.

20 March 2019

Sponsor
Merrill Lynch South Africa (Pty) Limited

Date: 20/03/2019 04:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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