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AFRICAN BANK INVESTMENTS LIMITED - Dealing in securities by directors

Release Date: 20/11/2013 11:32
Code(s): ABL ABLP     PDF:  
Wrap Text
Dealing in securities by directors

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”)


DEALING IN SECURITIES BY DIRECTORS

Leon Kirkinis, the chief executive officer and an executive director of ABIL, sold ABIL ordinary shares on
19 November 2013. Leon will use the net proceeds, after taxation, towards the exercise of all his allocated
rights in the company’s rights offer. There will be further sales of ABIL ordinary shares to fund the exercise
of his allocated rights.

In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

Class of securities                    :   ABIL ordinary shares
Nature of transaction                  :   On market sale of ordinary shares
Number of securities                   :   3 246 217
Market price of ABIL shares            :   R13.6847 per share
Total value of transaction             :   R44 423 505.78
Nature of interest                     :   Indirect beneficial
Clearance obtained                     :   Yes

Nic Adams, a non-executive director of ABIL, sold nil paid letters on 19 November 2013 and will use the
proceeds to exercise the remaining part of his allocation rights in the company’s rights issue.

In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

Class of securities                    :   Nil paid letters
Nature of transaction                  :   On market sale of nil paid letters
Number of securities                   :   46 907 ABIL nil paid letters
Sale price                             :   590 cents per letter
Total value of transaction             :   R276 751.30
Nature of interest                     :   Indirect beneficial
Clearance obtained                     :   Yes



Midrand
20 November 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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