AFRICAN BANK INVESTMENTS LIMITED - African Bank and Edcon in negotiations to form a strategic relationship
ABLP ABL ABL10A ABLI02 ABLS2A ABLI03 ABL11A ABLI04 ABLI05 ABLI06 ABLSI1 ABL12B ABL10B ABL17 ABL16 ABL18 ABL19 ABL11B ABLS3 ABLS4 ABLS5 ABL14 ABL15 ABL13 ABLS2B 201404250022A
African Bank and Edcon in negotiations to form a strategic relationship
AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1946/021193/06)
(Ordinary share code: ABL) (ISIN: ZAE000030060)
(Preference share code: ABLP) (ISIN: ZAE000065215)
(“ABIL” or “the group”)
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
(“African Bank”)
AFRICAN BANK AND EDCON IN NEGOTIATIONS TO FORM A STRATEGIC RELATIONSHIP
Shareholders of ABIL are advised that the group has signed a term sheet with Edcon Limited
(“Edcon”) which will form the basis for negotiations to establish African Bank as a secondary credit
provider, as part of a long term strategic relationship. Credit to Edcon customers would be granted
subject to African Bank’s credit criteria.
Further announcements will be made once a final agreement has been reached.
Midrand
25 April 2014
Sponsor
Rand Merchant Bank Limited (A division of FirstRand Bank Limited)
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