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AFRICAN BANK INVESTMENTS LIMITED - Dealing in securities by directors

Release Date: 28/11/2013 10:53
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
26 November 2013 and accepted all his allocated rights in the company’s rights offer on 28 November 2013.
In addition, Leon transferred 465 360 nil paid letters from an indirect to a direct holding.

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

Class of securities                            :    ABIL ordinary shares
Date of transaction                            :    26 November 2013
Nature of transaction                          :    On market sale of ordinary shares
Number of securities                           :    2 450 000
Market price of ABIL shares                    :    R12.2831 per share
Total value of transaction                     :    R30 093 595.00

Class of securities                            :    ABIL rights offer shares
Date of transaction                            :    27 November 2013
Nature of transaction                          :    On market exercise of rights offer shares
Number of securities                           :    14 054 775
Market price of ABIL shares                    :    R8.00 per share
Total value of transaction                     :    R112 438 200.00

Nature of interest                             :    Direct beneficial
Clearance obtained                             :    Yes


Post the following of his rights, Leon will own 22 271 015 shares which would equate to 1.48% of the
increased issued ordinary shares of the company.


Midrand
28 November 2013

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

Date: 28/11/2013 10:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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