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Life Healthcare Group Holdings Ltd (LHCJ.J)

LHCJ.J on Johannesburg Stock Exchange

3,264.87ZAc
24 Mar 2017
Change (% chg)

-76.13 (-2.28%)
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Latest Key Developments (Source: Significant Developments)

Life Healthcare to raise 9 bln rand at 24.5 rand per shr
Thursday, 23 Mar 2017 06:08am EDT 

Life Healthcare Group Holdings Ltd : Board of directors of Life Healthcare has resolved to raise 9 bln rand through rights offer, as previously announced . Rights offer will have an issue price of 24.50 rand per Life Healthcare ordinary share . Ordinary shares issued pursuant to rights offer are expected to constitute 25.49 pct of co's post-rights offer share capital . Rights offer will consist of an offer of 367,346,939 new shares for every 100 life healthcare ordinary shares .Rights offer are expected to constitute 25.49 pct of life healthcare's post-rights offer share capital.  Full Article

Life Healthcare Group looks to raise 9 bln rand via rights offer
Thursday, 16 Mar 2017 11:17am EDT 

Life Healthcare Group Holdings Limited : Rights offer declaration announcement . Following Alliance Medical deal, co's net debt temporarily increased to about 4.1 times pro forma FY normalised EBITDA . Net proceeds of rights offer will be used to repay a portion of bridge facility . Rights offer will raise gross proceeds of approximately R9.0 billion . Final terms of rights offer will be announced on finalisation date, being on or before March 23, 2017 . Absa Corporate and Investment Bank, Rand Merchant Bank are acting as joint bookrunners for rights offer .Brimstone and Allan Gray entered into irrevocable undertakings to subscribe for some or all of rights offer shares.  Full Article

Life Healthcare Group to raise 9 bln rand through rights offering
Friday, 20 Jan 2017 08:32am EST 

Life Healthcare Group Holdings Ltd : Update on proposed rights offer and modifications to resolutions contained in the notice of annual general meeting . Company will seek to raise 9.0 billion rand through rights offer .Board believes that this proposed equity capital raising balances views expressed by shareholders.  Full Article

Life Healthcare to undertake rights offer of up to 10.7 bln rand
Tuesday, 20 Dec 2016 03:27am EST 

Life Healthcare Group Holdings Ltd : Has resolved to undertake a fully underwritten, renounceable rights offer in amount of up to R10.7 billion . Offer in order to refinance a portion of bridge facility together with associated financing costs . Following proposed rights offer and repayment of bridge facility, company expects to substantially reduce its net debt position .Final terms of rights offer will be announced as soon as practicable after annual general meeting.  Full Article

Life Healthcare says to buy about 95 pct stake in Alliance Medical
Wednesday, 16 Nov 2016 05:32am EST 

Life Healthcare Group Holdings Ltd : Entered into a definitive agreement to acquire c.95 pct of issued share capital of Alliance Medical Group Limited . Deal for initial cash consideration of 553 mln stg, c.9.7 bln rand, deferred cash consideration up to 40 mln stg or c.0.7 bln rand .Alliance Medical senior management will reinvest to acquire a c.5 pct stake in company alongside life healthcare.  Full Article

Life Healthcare says in talks regarding a potential acquisition
Friday, 11 Nov 2016 12:06am EST 

Life Healthcare Group Holdings Ltd :Is in discussions regarding a potential acquisition.  Full Article

Life Healthcare says updated Poland tariffs not to impact FY oper result
Friday, 22 Jul 2016 01:05am EDT 

Life Healthcare Group Holdings Ltd :Poland's nfz updated tariffs in respect of cardiology procedures; change will not have material impact on co's fy operating result.  Full Article

Life Healthcare says H1 revenue up 10.9 pct
Wednesday, 11 May 2016 01:06am EDT 

Life Healthcare Group Holdings Ltd : Normalised EBITDA +9% to R2 099 million for period ended 31 March 2016 . Revenue +10.9% to r7 860 million or period ended 31 march 2016 .Aims to add over 20 acute hospital brownfield beds in next six months..  Full Article

Life Healthcare Group Holdings Ltd approves interim gross cash dividend
Wednesday, 13 May 2015 01:05am EDT 

Life Healthcare Group Holdings Ltd:Approved an interim gross cash dividend of 68 cents per ordinary share (2014: 63 cents per ordinary share) for six months ending March 31, 2015.Last day to trade cum dividend May 29.Trading ex dividend commences June 1.Record date June 5.Payment date June 8.  Full Article

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BRIEF-Life Healthcare to raise 9 bln rand at 24.5 rand per shr

* Board of directors of Life Healthcare has resolved to raise 9 bln rand through rights offer, as previously announced