African Bank Investments Limited Results Of An Ann
African Bank Investments Limited
(Formerly Theta Group Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1946/021193/06)
("ABIL" or "the Company")
Results of an Annual General Meeting
ABN AMRO Securities (South Africa) (Proprietary) Limited is authorised to
announce that, at the Annual General Meeting of shareholders of ABIL held on 12
February 2001, the following resolutions, inter alia, were passed to give
effect to:
* place the entire unissued share capital of the Company under the control of
the directors of the Company;
* a general authority to issue shares for cash;
* approve and adopt the ABIL Share Option Scheme;
* cancel existing options held by beneficiaries under the Baobab Solid Growth
Share Option Scheme, if such beneficiaries have not exercised such options;
* cancel existing rights held by the beneficiaries under the Baobab Solid
Growth Share Option Scheme to pay for and take delivery of option shares, being
such rights held by such beneficiaries who have exercised their options but
have not paid for or taken delivery of the option shares, subject to, in the
case of each such cancellation, the consent of the beneficiary concerned;
* a write-off of goodwill against the CompanyUs share premium account; and
* a general authority to repurchase shares in the Company.
The relevant special resolutions have been lodged with the Registrar of
Companies for registration.
Midrand
16 February 2001
Co-sponsors
ABN AMRO
ABN AMRO Securities (South Africa) (Pty) Ltd
Registration number 1995/001231/07
Member of the JSE Securities Exchange South Africa
Deutsche Securities
Member of the Deutsche Bank Group
Deutsche Securities (Proprietary) Limited
(Registration number 1973/006709/07)
Member of the JSE Securities Exchange South Africa
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