To view the PDF file, sign up for a MySharenet subscription.

AFRICAN BANK INVESTMENTS LIMITED - African Bank and Edcon in negotiations to form a strategic relationship

Release Date: 25/04/2014 12:00
Wrap Text
African Bank and Edcon in negotiations to form a strategic relationship

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 group”)

AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
(“African Bank”)

AFRICAN BANK AND EDCON IN NEGOTIATIONS TO FORM A STRATEGIC RELATIONSHIP

Shareholders of ABIL are advised that the group has signed a term sheet with Edcon Limited
(“Edcon”) which will form the basis for negotiations to establish African Bank as a secondary credit
provider, as part of a long term strategic relationship. Credit to Edcon customers would be granted
subject to African Bank’s credit criteria.

Further announcements will be made once a final agreement has been reached.

Midrand
25 April 2014

Sponsor
Rand Merchant Bank Limited (A division of FirstRand Bank Limited)
 

Date: 25/04/2014 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story