Joint announcement: Corpcapital group merger ("merger")
Corpcapital Corporate Finance on behalf of Corpgro, Corpcapital and
Corpcapital Bank ("the Corpcapital group") and African Merchant Bank Limited
on behalf of Kensani are pleased to jointly announce that:
the Corpcapital group and Kensani have agreed to withdraw all allegations
made by either of them against the other in relation to the merger;
the Corpcapital group and Kensani recognise that Kensani has consistently
supported the merger while endeavouring to influence in favour of
shareholders of Corpcapital Bank the share ratios at which the merger was
proposed;
as the terms of the merger are no longer subject to change, Kensani has
withdrawn its objections to the meeting of shareholders of Corpcapital Bank
on 1 October 2001 and to the validity of the resolutions passed at that
meeting and accepts the result of the meeting; and
the Corpcapital group and Kensani have agreed to co-operate with one another
to implement the merger and to work together in order to enhance shareholder
value in the Corpcapital group and in Kensani.
The Corpcapital group and Kensani have agreed that the enhancement of
shareholder value is best served if no further statements are made to the
media in regard to the above.
Rosebank
8 October 2001
Corporate advisor and joint Joint sponsor to the
sponsor to the Corpcapital Corpcapital Group
Group
Corpcapital Corporate BoE Securities (Proprietary)
Finance Limited
Corporate advisor to
Kensani
African Merchant Bank
Limited
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