BRIEF-Remgro Says Supportive Of RMH's Process To Finalise Restructuring

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BRIEF-Remgro Says Supportive Of RMH's Process To Finalise Restructuring
Credit: © Reuters.

March 31 (Reuters) - Remgro Ltd REMJ.J :

* JSE: REM - FURTHER CAUTIONARY ANNOUNCEMENT

* REMGRO LTD - REMGRO IS SUPPORTIVE OF RMH BOARD'S PROCESS TO FINALISE TERMS OF RMH RESTRUCTURING UNDER THESE CIRCUMSTANCES

* REMGRO - RESOLVED IT WILL PROCEED WITH FULL DISTRIBUTION OF ITS 28.2% INTEREST IN RMH TO ITS SHAREHOLDERS

* REMGRO LTD - FURTHER RESOLVED TO RETAIN ITS 3.9% DIRECT INTEREST IN FIRSTRAND IN ORDER TO PROVIDE ADDITIONAL BALANCE SHEET CAPACITY

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