Intention to acquire Liberty minority shareholdersSource: RNS
Standard Bank Group Limited
The Standard Bank of South Africa Limited
15 July 2021
Standard Bank Group Limited's offer to acquire all of the Liberty Holdings Limited ("Liberty") ordinary shares not already owned by the group including an offer to acquire all of the shares from Liberty preference shareholders
Standard Bank Group Limited's ("SBG", "Standard Bank" or "the group") shareholders are hereby notified that SBG and Liberty have issued a joint announcement relating to SBG's firm intention to make (i) an offer to acquire all of Liberty's issued ordinary shares not owned by SBG or a treasury shareholding subsidiary of Liberty and (ii) an offer to acquire all of Liberty's issued preference shares, which will result in the delisting of all Liberty ordinary shares and Liberty preference shares ("the Proposed Transaction"). The full announcement can be found on the SBG Investor Relations website - https://reporting.standardbank.com/
Further to the joint announcement, SBG's Chief Executive and Chief Financial Officer will host an investor call at 17h30 (South Africa time) on 15 July 2021.
A presentation relating to the Proposed Transaction will be made available on the SBG Investor Relations website during the course of today. The presentation and call registration details are available on the SBG Investor Relations website - https://reporting.standardbank.com/
A replay will be available on the Investor Relations website after the end of the call.
For further information, please contact:
Standard Bank Group Limited
5 Simmonds Street, Johannesburg PO Box 2001
Telephone number: +27 11 415 4194
This Announcement is not intended to, and shall not, constitute or contain an offer to sell or solicitation of an offer to purchase the securities referred to herein by any person in any jurisdiction where it is unlawful to make an offer or solicitation. The distribution of the Announcement and the offer or sale of the securities referred to herein in certain jurisdictions is restricted by law. This Announcement may not be used for or in connection with, and does not constitute, any offer to, or solicitation by, anyone in any jurisdiction or under any circumstance in which such offer or solicitation is not authorised or is unlawful.
In the United Kingdom, this Announcement is being distributed only to, and is directed only at, persons who are (i) investment professionals, as such term is defined in Article 19(5) of the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the Financial Promotion Order); (ii) persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations, etc.") of the Financial Promotion Order; (iii) outside the United Kingdom; or (iv) persons to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any Notes may otherwise lawfully be communicated or caused to be communicated.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the Securities Act), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to US persons (as such term is defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act. The issuer of the securities has not registered, and does not intend to register, any portion of the offering in the United States, and does not intend to conduct a public offering of the securities in the United States.
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