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ABL ABLP
ABL
ABIL - Implementation and results of the odd-lot offer
African Bank Investments Limited
Registration number: 1946/021193/06
Incorporated with limited liability in the Republic of South Africa
Ordinary share code : ABL ISIN : ZAE000030060
Preference share code : ABLP ISIN : ZAE000065215
("ABIL")
Implementation and results of the odd-lot offer
1. Implementation of the odd-lot offer
Shareholders are advised that the odd-lot offer to shareholders who held
less than 100 ordinary shares in ABIL at the close of business on Friday 24
March 2006 ("odd-lot holders") has been implemented.
2. Results of the odd-lot offer
2.1 The total number of ordinary shares relating to those odd-lot holders
who elected to sell their odd-lot holdings and by those who failed to
make an election and were therefore deemed to have sold their odd-lot
holdings is 462 066 ordinary shares. These ordinary shares were
purchased by ABIL at R30.75 per share (being the offer price of R29.28
per share plus a 5% premium) for a total consideration of R14 208
529.50. These shares will be cancelled, delisted and restored to the
status of authorised share capital.
2.2 5 687 ordinary shares were issued by ABIL at an issue price of R29.28,
for those shareholders who elected to subscribe for additional
ordinary shares to increase their shareholding to 100 ordinary shares.
2.3 The total number of ordinary shares which continue to be held by those
odd-lot holders who elected to retain their odd-lot holdings is 5 113
shares.
2.4 As a result of the implementation of the odd-lot offer, the number of
shareholders has been reduced by 25 080 to 9 134, and the total number
of shares in issue has been reduced by 456 379 to 497 911 307.
3. Odd-lot holders who hold certificated shares
3.1 Cheques and electronic transfers in respect of the sale of odd-lot
holdings will be posted by ordinary post to the relevant odd-lot
holders or effected on or about Monday 27 March 2006, except for
certificated odd-lot holders who failed to make an election and were
therefore deemed to have sold their odd-lot holdings, in which case
the money owing to them will be held on their behalf until such odd-
lot holders have put in a claim in accordance with the provisions set
out in 3.2 below.
3.1 Certificated odd-lot holders who failed to make an election and were
therefore deemed to have sold their odd-lot holdings are reminded that
in order for payment, in respect of the sale of their odd-lot
holdings, to be effected they are required to submit a claim to the
transfer secretaries, Ultra Registrars (Proprietary) Limited, 11
Diagonal Street, Johannesburg, 2001 or to PO Box 4844, Johannesburg,
2000. Please contact Ultra Registrars at (011) 834 2266 for more
information in this regard. These odd-lot holders are also reminded
that their documents of title are no longer good for trading after
Thursday 16 March 2006 and will have no value other than to receive
the proceeds of the sale of their odd lot holdings of R30.75 per share
upon surrender.
3.3 In respect of those odd-lot holders who hold certificated shares and
who elected to subscribe, and pay, for additional ordinary shares, new
share certificates reflecting the additional shares acquired will be
posted by registered post at the risk of such odd-lot holder on or
about Monday 27 March 2006.
4. Odd-lot holders who hold dematerialised shares
Any movement in the number of ordinary shares held and amounts
payable/receivable by an odd-lot holder who has dematerialised his/her
shares, as a result of the implementation of the odd-lot offer, will be
updated automatically and debited/credited in the odd-lot holders account
with the Central Securities Depository Participant or broker selected by
that odd-lot holder on or about Monday 27 March 2006.
Midrand
27 March 2006
Merchant bank and sponsor
Rand Merchant Bank
(A division of FirstRand Bank Limited)
Attorneys
Prinsloo, Tindle & Andropoulos Inc
Transfer secretaries
Ultra Registrars (Proprietary) Limited
Date: 27/03/2006 05:00:04 PM Produced by the JSE SENS Department
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