To view the PDF file, sign up for a MySharenet subscription.

RMB HOLDINGS LIMITED - Renewal of cautionary announcement

Release Date: 18/02/2020 07:05
Code(s): RMH     PDF:  
 
Wrap Text
Renewal of cautionary announcement

RMB Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/005115/06)
ISIN: ZAE000024501
Share Code: RMH
(“RMH” or “the Company”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the announcements released on the Stock Exchange News
Service (“SENS”) on 19 November 2019 and on 7 January 2020 in which they were advised
that, following a review of the Company’s investment portfolio, the board of directors of RMH
(“Board”) had resolved to restructure the Company’s portfolio of assets and liabilities
(“Restructuring”).

In terms of the Restructuring, it is proposed that RMH will distribute its shareholding in
FirstRand Limited (“FirstRand”) to RMH shareholders (“FirstRand Distribution”). Per separate
announcements released on SENS on 19 November 2019 and 7 January 2020, Remgro
Limited (“Remgro”) has also announced its intention to distribute, in full or in part, its
exposure to both RMH and FirstRand, to Remgro shareholders (“Remgro Distribution”). In
addition, RMH is assessing the best manner to give effect to an orderly realisation of RMH’s
property assets (“Property Process”).

Shareholders are advised that the Board continues to assess the optimal mechanism and
steps required to give effect to the FirstRand Distribution and the Property Process and to
cooperate with the board of directors of Remgro to ensure that both the Restructuring and
the Remgro Distribution are implemented in a coordinated and effective manner.

Accordingly, RMH shareholders are advised to continue to exercise caution when dealing in
the Company’s securities, until a detailed announcement is made.

Sandton
18 February 2020

Financial Adviser and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 18-02-2020 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story