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AFRICAN BANK INVESTMENTS LIMITED - Dealing in securities by directors

Release Date: 22/11/2013 11:10
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. Leon

will use the net proceeds after taxation, toward 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

Date of transaction                     :   20 November 2013

Number of securities                    :   808 015

Market price of ABIL shares             :   R13.5726 per share

Total value of transaction              :   R10 966 864.39





Date of transaction                     :   21 November 2013

Number of securities                    :   2 203 510

Market price of ABIL shares             :   R13.2071 per share

Total value of transaction              :   R29 101 976.92

Nature of interest                      :   Indirect beneficial

Clearance obtained                      :   Yes





Toni Fourie, an executive director of ABIL, sold nil paid letters on 20 November 2013.



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                    :   102 035 ABIL nil paid letters

Sale price                              :   R6.00 per letter

Total value of transaction              :   R612 210.00

Nature of interest                      :   Indirect beneficial

Clearance obtained                      :   Yes



Midrand

22 November 2013



Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)


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