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AFRICAN BANK INVESTMENTS LIMITED - Dealing in securities by directors

Release Date: 29/11/2013 13:26
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, purchased ABIL ordinary shares
on 29 November 2013.

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

Nature of transaction                  :   On market purchase of ABIL ordinary shares
Date of transaction                    :   29 November 2013
Number of securities                   :   141 409
Market price of ABIL shares            :   R12.38 per share
Total value of transaction             :   R1 750 643.42
Nature of interest                     :   Indirect beneficial
Clearance obtained                     :   Yes

In an announcement released on 28 November 2013, Leon’s shareholding in ABIL post the following of his
rights was incorrectly overstated by 412 424 ABIL shares. Subsequent to the purchase above and the
exercise of his rights, Leon will hold 22 000 000 ABIL shares which equates to 1.47% of the increased
issued ordinary shares of the company.

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

Director                               :   Toni Fourie
Office held                            :   Executive director
Class of securities                    :   Nil paid letters
Nature of transaction                  :   On market sale of nil paid letters
Date of transaction                    :   25 November 2013
Number of securities                   :   30 000 ABIL nil paid letters
Sale price                             :   R4.62 per letter
Total value of transaction             :   R138 600.00

Date of transaction                    :   27 November 2013
Number of securities                   :   120 000 ABIL nil paid letters
Sale price                             :   R4.24 per letter
Total value of transaction             :   R508 800.00
Nature of interest                     :   Indirect beneficial
Clearance obtained                     :   Yes

Midrand
29 November 2013
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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