AFP - AF Pref - Re-Investment Rights Oversubscribe
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AFP
AFP - AF Pref - Re-Investment Rights Oversubscribed
Alexander Forbes Preference Share Investments Limited
(Formerly Micawber 515 (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2006/031561/06)
Share code: AFP ISIN number: ZAE000098067
("AF Pref" or "the Company")
RE-INVESTMENT RIGHTS OVERSUBSCRIBED
Further to the announcements dated 19 July 2007 and 20 July 2007, shareholders
are advised that the re-investment rights, to subscribe for AF Pref linked units
in terms of the Alexander Forbes scheme of arrangement, have been
oversubscribed.
A total of 100 000 000 AF Pref linked units is available for subscription. A
total of 106 861 222 AF Pref linked units were applied for. Of this 40 495 583
AF Pref linked units, were applied for on a pro rata basis. The total number of
AF Pref linked units available for excess allocation is therefore 59 504 417.
Excess applications for 66 365 639 AF Pref linked units were applied for.
Shareholders who applied for excess rights will therefore be allocated
approximately 89.7% of the AF Pref linked units applied for in terms of their
excess applications.
Prospective purchasers of AF Pref linked units are reminded that the Exchange
Control Department of the South African Reserve Bank has restricted the trading
in AF Pref linked units. Only residents of the common monetary area may acquire
AF Pref linked units in the secondary market.
Sandton
25 July 2007
Merchant bank, underwriter and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Market maker
RMB MORGAN STANLEY
Reporting accountants
PRICEWATERHOUSECOOPERS INC.
Lead attorneys to AF Pref
DENEYS REITZ
Attorneys to the underwriter
WERKSMANS
Attorneys to AF PREF
READ HOPE PHILLIPS
Transactional sponsor
KPMG Services (Pty) Ltd
Date: 25/07/2007 10:27:19 Produced by the JSE SENS Department.
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