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AFRICAN BANK INVESTMENTS LIMITED - Results of The Cash Dividend and The Capitalisation shares issue in Lieu Of a cash dividend

Release Date: 18/12/2012 13:45
Code(s): ABLP ABL     PDF:  
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Results of The Cash Dividend and The Capitalisation shares issue in Lieu Of a cash dividend

AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1946/021193/06)
(Ordinary share code: ABL) (ISIN: ZAE000030060)
(Preference share code: ABLP) (ISIN: ZAE000065215)
(“ABIL” or “the company”)


RESULTS OF THE CASH DIVIDEND AND THE CAPITALISATION SHARES
ISSUE IN LIEU OF A CASH DIVIDEND

African   Bank   Investments  Limited   ordinary  shareholders
(“Shareholders”) are referred to the announcement released on
SENS on Friday, 30 November 2012 and published in the press on
3 December 2012 regarding the capitalisation issue ratio with
respect to the election to receive capitalisation shares
(“Capitalisation Shares”) in terms of a capitalisation issue
(“the Capitalisation Issue”) in lieu of a cash dividend (“the
Cash Dividend”).

As set out in that announcement, the number of Capitalisation
Shares   to    which   Shareholders   participating   in   the
Capitalisation Issue would become entitled was determined in
the ratio of 3,46311 Capitalisation Shares for every 100
Ordinary Shares held. Where a Shareholder`s entitlement to
Capitalisation Shares, calculated in accordance with the above
ratio, gave rise to a fraction of a new Ordinary Share, such
fraction of a new Ordinary Share was rounded up to the nearest
whole number where the fraction was greater than or equal to
0,5 and rounded down to the nearest whole number where the
fraction was less than 0,5.

6 056   918  new   Ordinary   Shares   were issued   today  to
Shareholders who elected to receive Capitalisation Shares in
terms   of   the   Capitalisation    Issue, resulting    in  a
capitalisation out of the share premium of the Company of
R151 423. Shareholders recorded in the register of the Company
at the close of business on 14 December 2012 holding 629 276
992 Ordinary Shares received the gross Cash Dividend of 110
cents per Ordinary Share, resulting in a total gross cash
dividend of R692 204 691.20, which was paid out of the profits
of the Company.

Share certificates and dividend    cheques, where applicable,
were dispatched to certificated    Shareholders at their own
risk, and the Central Securities Depository Participant/broker
accounts of dematerialised Shareholders were credited, today.




Midrand
18 December 2012

Merchant bank and sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Attorneys
PRINSLOO, TINDLE, ANDROPOULOS INC

Date: 18/12/2012 01:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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