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Update Regarding Strategic Review and Cautionary Announcement
Libstar Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2014/032444/06)
(JSE share code: LBR)
(ISIN: ZAE000250239)
("Libstar" or the "Company")
UPDATE REGARDING STRATEGIC REVIEW AND CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcement of Libstar's results for the financial year ended
31 December 2024, published on the Stock Exchange News Service of the JSE Limited on 18
March 2025 ("Announcement"). As set out therein, the board of directors of the Company
("Board") had resolved to assess potential strategies through which to deliver meaningful value
unlock for stakeholders, alongside continued execution of Libstar's ongoing operational and
strategic initiatives.
Following the publication of the Announcement, the Company has received non-binding,
indicative expressions of interest ("EOI's") from parties ("Potential Investors") regarding the
potential acquisition of all Libstar securities currently in issue, which the Board has resolved
to further evaluate. The EOI's may, in due course, result in a binding offer by a Potential
Investor which, if successfully implemented, may have a material effect on the price of
Libstar's securities.
The Board wishes to emphasise that the engagements with Potential Investors remain at an
early stage and there can be no certainty that these engagements will ultimately result in a
binding offer. Libstar shareholders are therefore advised to exercise caution when dealing in
Libstar securities until a further announcement is made.
The Board accepts responsibility for the information contained in this announcement and
certify that, to the best of its knowledge and belief, the information contained in this
announcement relating to Libstar is true and this announcement does not omit anything that
is likely to affect the importance of such information.
Cape Town
16 September 2025
Sponsor
The Standard Bank of South Africa Limited
Date: 16-09-2025 08:00:00
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