| Mon 15 Oct 2007, 15:30 | | ABL/ABLP - ABIL - Results Of The General Meeting R |
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ABL ABLP
ABL
ABL/ABLP - ABIL - Results Of The General Meeting Regarding The Acquisition Of
Ellerine Holdings Limited
AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/021193/06)
(Registered bank controlling company)
Ordinary share code: ABL & ISIN: ZAE000030060
Preference share code: ABLP & ISIN: ZAE000065215
("ABIL" or "the company")
RESULTS OF THE GENERAL MEETING REGARDING THE ACQUISITION OF ELLERINE HOLDINGS
LIMITED
ABIL shareholders are advised that the necessary resolutions relating to the
Ellerines acquisition were approved by the requisite majorities at a general
meeting of shareholders held on 15 October 2007.
In total, 71% of the ABIL ordinary shares in issue voted, through proxies and
shareholders present at the meeting, and of these, 98.5% were in favour of the
ordinary resolutions proposed at the meeting, relating to:
- the offer to acquire 100% of the issued share capital of Ellerine
Holdings Limited (other than the excluded shares); and
- the placing of 11 557 109 authorised but unissued ABIL ordinary shares
under the control of the company for the purposes of a black economic
empowerment transaction.
The scheme meeting, convened for Ellerines shareholders, to consider and vote
on the offer by ABIL, will take place on Tuesday, 16 October 2007, at 9.00am.
Further announcements regarding the fulfilment of the outstanding conditions
precedent will be made in due course.
For further information please contact Gary Rowe on +27 11 256 9147.
Midrand
15 October 2007
Merchant bank and transaction sponsor to ABIL
FirstRand Bank Limited, acting through Rand Merchant Bank Corporate Finance
Attorneys to ABIL
Prinsloo, Tindle & Andropoulos Inc.
Date: 15/10/2007 15:30:25 Produced by the JSE SENS Department.
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