|
ABIL - Details of a general meeting and salient dates relating to the black
equity ownership programme
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`)
Details of a general meeting and salient dates relating to the black equity
ownership programme
1. Introduction
Further to the announcement dated 16 May 2005, ABIL is pleased to announce
the details of a general meeting to be held in respect of its broad-based
black equity ownership programme. In terms of the black equity ownership
programme, a large group of historically disadvantaged people, through a
limited purpose vehicle, to be named Eyomhlaba Investment Holdings Limited
(`Eyomhlaba`), and the ABIL Development Trust, a trust formed to complement
the corporate social responsibility programmes of ABIL, will acquire an
initial 7% shareholding in ABIL, valued at approximately R600 million.
The general meeting will take place at 10h00 on Friday, 5 August 2005 at
ABIL`s offices at 59 16th Road, Midrand. Shareholders are invited to join
the directors from 08:30 on 5 August for a presentation and discussion of
the black equity ownership programme.
While the black equity ownership programme will constitute the main
business of the general meeting, shareholders should note that ABIL is also
proposing changes to:
- its employee incentive schemes;
- its articles of association to allow for an odd-lot offer; and
- the article relating to the voting of proxies in order to allow
shareholders of Eyomhlaba to vote their indirect holdings in ABIL at
ABIL shareholders meetings.
Details of these changes are contained in the circular to be posted to
shareholders today. This circular is also available on ABIL`s website at
www.africanbank.co.za.
2. Salient dates and times
The salient dates and times in respect of the general meeting are set out
below:
2005
Circular posted to shareholders on Tuesday 12 July
Last day to lodge form of proxy for Wednesday 3 August
general meeting by 10:00 on
General meeting of shareholders to be Friday 5 August
held at 10:00 on
Results of general meeting published on Friday 5 August
SENS on
Results of general meeting published in Monday 8 August
the press on
Note
These dates and times are subject to change. Any such change will be
published on SENS and in the press. Any reference to time is a reference to
South African time.
Midrand
12 July 2005
Merchant bank, debt arranger, co-underwriter and joint sponsor
RMB Corporate Finance, a division of FirstRand Bank Limited
Co-underwriter
Barclays Bank Plc, South Africa branch
Attorneys
Prinsloo, Tindle & Andropoulos Inc
Lead sponsor
Deutsche Securities
Independent expert, reporting accountants & tax advisors
Deloitte & Touche
Date: 12/07/2005 07:30:04 AM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
