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ABL ABLP
ABL
ABL/ABLP - African Bank Investments Limited - Offers By Hlumisa Investment
Holdings Ltd ("Hlumisa") To Black Ordinary Shareholders And ABIL Black
Employees And Directors
AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
Ordinary share code: ABL ISIN: ZAE000030060
Preference share code: ABLP ISIN: ZAE000065215
("ABIL")
OFFERS BY HLUMISA INVESTMENT HOLDINGS LTD ("HLUMISA") TO BLACK ORDINARY
SHAREHOLDERS AND ABIL BLACK EMPLOYEES AND DIRECTORS
The Hlumisa offer to Black ordinary shareholders and ABIL Black Employees and
Directors to apply for shares in Hlumisa closed on 27 November 2009 and almost
2,000 applications were received, amounting to a total consideration of R80
million. The applications represented an oversubscription of approximately 1.7
million shares.
The allocation process was undertaken by the Hlumisa board acting in
consultation with an independent subcommittee of the ABIL board comprised of
ABIL board members who were not entitled to participate in the BEE programme.
At the date of this notice, Hlumisa has not utilised the proceeds of the share
offer to purchase any ABIL shares.
ABIL directors` interest in Hlumisa
The following directors of ABIL have subscribed for and have been allotted
ordinary shares in Hlumisa in terms of the current offers:
Current effective Rand value Current indirect
holding in Hlumisa invested in interest in ABIL
current offers shares (number)
Indirect beneficial
Mutle Mogase - 3,29% R1 799 998 497 239
non-executive
chairman
Tami Sokutu - 4,11% R3 126 838 620 202
executive
Sam Sithole - 2,64% R3 600 000 398 189
non-executive
Indirect beneficial (held by associate)
Nithia Nalliah - 0.19% R301 590 28 545
executive
ABIL director`s interest in Eyomhlaba Investment Holdings Limited
("Eyomhlaba")
Sam Sithole has subscribed for and has been allotted shares in Eyomhlaba in a
private placement.
Current effective Rand value Current indirect
holding in invested in interest in ABIL
Eyomhlaba private placement shares (number)
Indirect beneficial
Sam Sithole - non- 0,31% R999 998 115 685
executive
Midrand
21 December 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 21/12/2009 13:05:15 Produced by the JSE SENS Department.
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