| Mon 26 Jul 2010, 13:46 | | ABL/ABLP - African Bank Investments Limited - Offer by Hlumisa Investment |
|
ABL ABLP
ABL
ABL/ABLP - African Bank Investments Limited - Offer 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")
OFFER 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. The offer
was oversubscribed as applications for shares exceeded the available shares by
1.7 million.
The articles of Hlumisa were amended at the Hlumisa AGM held on 27 March 2010
to allow for private placements to be made at a price of R5,40 per share to
certain black persons who over-subscribed for the shares in terms of the offer
as per above. A total of R 69,6 million was raised on the initial offer and
private placement, which was used to purchase ABIL ordinary shares on the JSE
Limited. The purchase of the ABIL ordinary shares has now been completed which
has resulted in a change in the effective indirect holding in ABIL by the
black directors.
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 and the private
placements subsequently:
Indirect beneficial Current Rand Value Current
effective invested in indirect
holding in shares interest in
Hlumisa ABIL
current
offer
Mr Mutle Mogase 3.14% 3,799,996 582 675
(ABIL Chairman)
Ms Mpho Nkeli 0.35% 333,870 64 846
(Non-Executive Director)
Mr Samuel Sithole 2.51% 3,600,000 466 140
(Non-Executive Director)
Mr Nithia Nalliah 0.63% 600,000 116 535
(Executive Director)
Mr Tami Sokutu 4.42% 6,000,996 820 255
(Executive Director)
Midrand
26 July 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26/07/2010 13:46:02 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.
