| Mon 19 Mar 2012, 13:36 | | ABL/ABLP/BIABL - African Bank Investments / African Bank - Results of private |
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ABL ABLP
ABL BIABL
ABL/ABLP/BIABL - African Bank Investments / African Bank - Results of private
placement of a further tranche of preference shares
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" or "the Company")
African Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1975/002526/06)
Issuer bond code: BIABL
RESULTS OF PRIVATE PLACEMENT OF A FURTHER TRANCHE OF PREFERENCE SHARES ("PRIVATE
PLACEMENT")
Shareholders are referred to the announcement on 9 March 2012 regarding the
private placement of ABIL perpetual, non-cumulative, non-participating
preference shares.
Following a book building process jointly run by Absa Capital (the investment
banking division of Absa Bank Limited, affiliated with Barclays) and Investec
Capital Markets (a division of Investec Bank Limited), 5,480,778 preference
shares have been placed with selected investors.
In aggregate, R426,020,873.94 in cash was raised at an issue price per
preference share of R77.73, including accrued dividends.
The additional preference shares, which will rank pari passu with the preference
shares already in issue, will be issued and listed on the JSE, from commencement
of business on Friday, 23 March 2012.
The capital raised through the issue, after deduction of costs and accrued
dividends, will be applied towards the subscription by ABIL of ordinary shares
in its wholly owned subsidiary, African Bank Limited.
Enquiries may be directed to:
ABIL
Markus Borner
Executive: Balance Sheet Management
(011) 564 7495
Gavin Jones
Executive: Capital and Liability Management
(011) 564 6868
Midrand
19 March 2012
Arranger, Transaction Sponsor and Joint BookrunnerAbsa Capital(the investment
banking division of Absa Bank Limited and affiliated with Barclays)
Joint Bookrunner
Investec Capital Markets(a division of Investec Bank Limited)
Legal advisor to ABIL
Prinsloo, Tindle & Andropoulos Inc
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited
Date: 19/03/2012 13:36:02 Produced by the JSE SENS Department.
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