Life Healthcare planning to list on JSE

3/9/2010 12:40:02 PM

Life Healthcare said on Monday that following a strategic review between its stakeholders and advisors, the preferred route is to list Life Healthcare on the JSE Limited within the next nine months subject to market conditions.

Further information regarding the proposed listing will be announced in due course, it stated.

The strategic review followed engagements with shareholders at the instance of Mvela Group (MVG) which was subsequently followed by an announcement by Mvela Group on 3 September 2009 of its intentions to realiseor unbundle its 22% stake in Life Healthcare to its shareholders.

Further to the conclusion of the strategic review, Mvela on Monday advised its shareholders that it has entered into negotiations which, if successfully concluded, may have an effect on the price of the company's securities.

Accordingly, Mvela Group's shareholders were advised to exercise caution when dealing in the company's securities until a further announcement is made.