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ABL ELH ABLP
ABL ELH
ABL/ABLP/ELH - ABIL/Ellerines - Proposed acquisition by abil of the entire
issued share capital of Ellerines by way of a scheme of arrangement ("the
scheme"): update regarding the date of the competition tribunal hearing.
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")
ELLERINE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1968/013402/06)
Share code: ELH ISIN: ZAE000022752
("Ellerines")
PROPOSED ACQUISITION BY ABIL OF THE ENTIRE ISSUED SHARE CAPITAL OF ELLERINES BY
WAY OF A SCHEME OF ARRANGEMENT ("THE SCHEME"): UPDATE REGARDING THE DATE OF THE
COMPETITION TRIBUNAL HEARING.
Further to the joint announcement published by ABIL and Ellerines on SENS on
Tuesday, 4 December 2007, ABIL and Ellerines shareholders are advised that the
Competition Tribunal hearing regarding the proposed acquisition of Ellerines by
ABIL will take place on 19 December 2007. The Competition Commission has
recommended to the Competition Tribunal that the acquisition be approved
unconditionally. The remaining conditions precedent that have not yet been
fulfilled are:
1 the Competition Tribunal approving the proposed acquisition of Ellerines by
ABIL in terms of the Competition Act, 1998 (Act 89 of 1998) as amended,
either unconditionally or subject to such conditions as may be acceptable
to ABIL; and
2 a certified copy of the Order of Court sanctioning the scheme being
registered by the Registrar of Companies in terms of the Companies Act.
The final dates and times of the scheme will be released on SENS and published
in the South African press as they become known.
Johannesburg
6 December 2007
Investment bank and sponsor to Ellerines
Nedbank Capital
Attorneys to Ellerines
Cliffe Dekker
Merchant bank and transaction sponsor to ABIL
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Attorneys to ABIL
Prinsloo, Tindle & Andropoulos Inc.
Date: 06/12/2007 17:11:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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