Johannesburg - Litha Healthcare Group [JSE:LHG] has entered
into and remains engaged in negotiations with a selected black economic
empowerment (BEE) party with a view to secure a subscription for ordinary
shares in the company by the BEE party on terms and conditions to be agreed
The company said on Tuesday that it has granted exclusivity
to the selected BEE party‚ which expires on 31 March 2013.
Litha said on Tuesday that the parties have done extensive
work to date‚ as is customary for a transaction of this nature‚ with a view to
progress the proposed transaction.
However‚ the transaction remains subject to the parties
reaching agreement on various commercial and other aspects.
The proposed transaction‚ if concluded and implemented‚ may
have a material effect on the price of the company's securities‚ it said.
Accordingly‚ shareholders were advised to continue exercising caution when
dealing in their shares.
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