MTL - Mercantile Bank Holdings Limited - Update on proposed BEE transaction
MTL
MTL
MTL - Mercantile Bank Holdings Limited - Update on proposed BEE transaction
Mercantile Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1989/000164/06)
Share code: MTL ISIN: ZAE000064721
("Mercantile")
UPDATE ON PROPOSED BEE TRANSACTION
Shareholders were advised in the annual report that the Board has been, for some
time, exploring a number of potential BEE equity initiatives. Discussions and
negotiations with two shortlisted partners, regarding pricing and structure, for
a proposed 10% BEE equity stake are ongoing. Detailed information will be
published as and when available.
Johannesburg
11 September 2008
Sponsor: Bridge Capital Advisors (Proprietary) Limited
Date: 11/09/2008 15:22:01 Produced by the JSE SENS Department.
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