|
ABL ABLP
ABL
ABIL/ Eyomhlaba - Results of the recent offer
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")
Eyomhlaba Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 2005/005827/06)
("Eyomhlaba" or "the Company")
Results of the recent offer to existing black Eyomhlaba shareholders
concluded in terms of the ABIL black equity ownership programme
Introduction
Eyomhlaba - ABIL"s black equity ownership programme - was successfully
launched in October 2005 with an initial public offer concluded in January
2006. In August 2006, the company invited existing Eyomhlaba shareholders
to apply for more shares to raise an additional R26 million in equity, and
as a result of which R59 million in applications were received.
Capital raised
In this latest offer, Eyomhlaba has issued 12,5 million new ordinary
shares, thereby increasing the number of ordinary shares to 37,8 million.
Approximately 5,5 million shares remain unissued and the Eyomhlaba
directors are authorised to issue these in the future.
Eyomhlaba has used the additional capital raised to purchase further ABIL
shares and currently holds 30,9 million shares which equates to 6,2% of
ABIL"s issued ordinary shares as at 29 September 2006.
Allocation and allotment letters, statements, share certificates and
refunds
Allocation letters, statements and copies of share certificates have been
posted to all applicants. Eyomhlaba shareholders can call 0860 225 233 with
any queries.
Shareholders who were not allotted the full number of shares that they
applied for were refunded their application money on Friday, 29 September
2006.
Eyomhlaba and ABIL directors have the following holding in Eyomhlaba:
Directors Eyomhlaba Shares Resultant % of
shares acquired Eyomhlaba total
held in terms shareholding shares
after the of the currently
initial current in issue
public offer
offer
Eyomhlaba
directors:
TM Sokutu* 2 700 000 1 358 691 4 058 691 10.74%
N Nalliah 1 300 000 650 000 1 950 000 5.16%
MLD Marole 1 615 000 0 1 615 000 4.27%
AS Mabogoane# 975 000 25 000 1 000 000 2.65%
NJ Dlamini 250 000 125 000 375 000 0.99%
A Gani 40 000 68 673 108 673 0.29%
JM Matsipa 12 500 12 619 25 119 0.07%
MM Mathye 500 1 250 1 750 0.01%
24.18%
ABIL directors
not on
Eyomhlaba
board
R Naidoo# 100 000 0 100 000 0.26%
DFG Tembe# 100 000 0 100 000 0.26%
0.52%
*executive director of
ABIL
#non-executive director
of ABIL
Midrand
29 September 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 29/09/2006 04:50:06 PM 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 ] | |||||||||||||
|
|||||||||||||
