ABIL - Extension of the closing date of the Eyomhlaba capital raising
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")
Extension of the closing date of the Eyomhlaba capital raising in terms of the
ABIL black equity ownership programme
Pursuant to the ABIL black equity ownership programme, 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. The salient dates relating to the capital raising by Eyomhlaba
were announced on 24 October 2005. The salient dates announcement and the
prospectus made available to potential investors recorded that the closing date
of the offer was 17h00 on 30 November 2005.
The prospectus advised that Eyomhlaba may wish to extend the closing date of the
offer if the directors of Eyomhlaba believe that the additional time period
would enable Eyomhlaba to bring the offer to the attention of a greater number
of potential participants
To date, Eyomhlaba has received significant interest in the capital raising and,
in response to expressions of interest, has distributed in excess of 10 000
copies of the prospectus. The extension of the closing date of the offer is
primarily to allow prospective shareholders, who have expressed interest and
initiated the process of obtaining a copy of the prospectus, enough time to
complete the application process.
ABIL and Eyomhlaba hereby announce that the closing date of the Eyomhlaba
capital raising has been extended to 17h00 on 11 January 2006.
Midrand
30 November 2005
Merchant bank, debt arranger, co-underwriter and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Co-underwriter
Barclays Bank Plc, South Africa branch
Attorneys
Prinsloo, Tindle & Andropoulos Inc
Tax advisors
Deloitte & Touche
Date: 30/11/2005 04:00:03 PM Produced by the JSE SENS Department
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