ABIL - Details and salient dates relating to the E
ABIL - Details and salient dates relating to the Eyomhlaba capital raising in
terms of the ABIL 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 AND SALIENT DATES RELATING TO THE EYOMHLABA CAPITAL RAISING IN TERMS OF
THE ABIL BLACK EQUITY OWNERSHIP PROGRAMME
Introduction
As set out in the circular to ABIL shareholders dated 12 July 2005, a large
group of black individuals, through a limited purpose vehicle, Eyomhlaba
Investment Holdings Limited ("Eyomhlaba"), will acquire an initial shareholding
of approximately 6.5% in ABIL.
ABIL and Eyomhlaba are pleased to announce that the Eyomhlaba capital raising in
terms of the ABIL black equity ownership programme has commenced. Eyomhlaba has
issued a prospectus in terms of which it wishes to raise approximately R76
million through the issue of 34 250 000 ordinary shares in Eyomhlaba.
The prospectus is available to all interested black persons who request a
prospectus by calling 0860 225 233 (0860 ABL BEE) or by accessing the Eyomhlaba
website at www.eyomhlaba.co.za. Once a person has requested a prospectus, a copy
will be posted to him or her.
Salient dates and times
The salient dates and times in respect of the Eyomhlaba capital raising are set
out below:
2005
Prospectus posted from Monday 24 October
Opening date of the offer at 9:00 on Monday 24 October
Application forms to subscribe for Eyomhlaba Wednesday 30 November
shares to be received by 17:00 on
Closing date of the offer at 17:00 on Wednesday 30 November
Note:
Any reference to time is a reference to South African time.
Midrand
24 October 2005
Merchant bank, debt arranger, co-underwriter and sponsor
RMB Corporate Finance (A division of FirstRand Bank Limited)
Co-underwriter
Barclays Bank Plc, South Africa branch
Attorneys
Prinsloo, Tindle & Andropoulos Inc
Tax advisors
Deloitte & Touche
Date: 24/10/2005 07:15:04 AM Produced by the JSE SENS Department
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