SKJ - Sekunjalo Investments Limited - Sekunjalo Group announces the increased
SKJ
SKJ
SKJ - Sekunjalo Investments Limited - Sekunjalo Group announces the increased
investment in the Group by ABSA Group Limited
SEKUNJALO INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1996/006093/06)
ISIN: ZAE000017893
Share Code: SKJ
("Sekunjalo" or "the Company")
SEKUNJALO GROUP ANNOUNCES THE INCREASED INVESTMENT IN THE GROUP BY ABSA GROUP
LIMITED
Shareholders are referred to the announcement released on SENS on 29 January
2009 by Absa Group Limited regarding the acquisition of Sekunjalo shares from
defaulting clients.
The Sekunjalo Group, the Board of Directors and the executive Chairman, Dr M I
Surve welcome the increased stake from our strategic partner, ABSA Group
Limited.
ABSA Group Limited are now a 26% shareholder in the group and this will
strengthen the strategic relationship between Sekunjalo and Absa which began
with an initial investment of 9% in Sekunjalo by Absa Corporate and Business
Bank 18 months ago.
In addition, Sekunjalo wishes to notify its shareholders that neither the
Company nor any of its Directors were party to any defaulting position on the
Single Stock Futures.
Cape Town
30 January 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 30/01/2009 15:21:02 Produced by the JSE SENS Department.
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