| Thu 20 Dec 2007, 13:25 | | ABL/ABLP/ELH - ABIL /Ellerine - Salient dates and times regarding the |
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ABL ELH ABLP
ABL ELH
ABL/ABLP/ELH - ABIL /Ellerine - Salient dates and times regarding the
acquisition by ABIL
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")
SALIENT DATES AND TIMES REGARDING THE ACQUISITION BY ABIL OF THE ENTIRE ISSUED
SHARE CAPITAL OF ELLERINES BY WAY OF A SCHEME OF ARRANGEMENT ("THE SCHEME") AND
UPDATE REGARDING THE FULFILMENT OF ALL OUTSTANDING CONDITIONS PRECEDENT
Further to the joint announcement published by ABIL and Ellerines on SENS on
Thursday, 6 December 2007, ABIL and Ellerines shareholders are advised that:
1 on Wednesday the 19th of December 2007 the Competition Tribunal approved
the proposed acquisition of Ellerines by ABIL in terms of the Competition
Act, 1998 (Act 89 of 1998) unconditionally; and
2 on Thursday the 20th of December 2007 the Registrar of Companies registered
a certified copy of the Order of Court sanctioning the Scheme.
All of the conditions precedent relating to the Scheme have now been fulfilled.
The final salient dates and times of the Scheme are:
Last day to trade Ellerines shares on the JSE, NSX
and BSE in order to be recorded in the register on
the record date of the Scheme on Friday, 11 January 2008
Date of suspension of Ellerines` listing on the
JSE, NSX and BSE from the commencement of business
on Monday, 14 January 2008
Listing of newly issue ABIL ordinary shares on
Monday, 14 January 2008
Record date of the Scheme to determine
participation in the Scheme Friday, 18 January 2008
Date from which the Scheme consideration will be
made available or posted to certificated Scheme
participants (if the form of surrender and transfer
and the documents of title are received by the
transfer secretaries on or prior to 12h00 on the
record date of the Scheme or failing that, within 5
(five) business days of receipt of the surrender
and transfer form and relevant documents of title Monday, 21 January 2008
by the transfer secretaries). Dematerialised Scheme
participants will have the Scheme consideration
credited to their account held at their CSPD or
broker on the operative date
Operative date of the Scheme from the commencement
of business on Monday, 21 January 2008
Termination of listing of Ellerines shares from the
JSE, NSX and BSE on Tuesday, 22 January 2008
Johannesburg
20 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: 20/12/2007 13:25:08 Produced by the JSE SENS Department.
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