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African Bank Investments Ltd (ABLJ.J)

ABLJ.J on Johannesburg Stock Exchange

31.00ZAc
11 Aug 2014
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Latest Key Developments (Source: Significant Developments)

African Bank appoints John Evans as financial director
Monday, 3 Oct 2016 

African Bank Investments Ltd : Enos Banda, independent non-executive chairman, will assume role of executive chairman of board .John Evans has been appointed to board as executive financial director of company.  Full Article

African Bank repurchases foreign bonds worth $207 mln
Monday, 5 Sep 2016 

African Bank Investments Ltd : African Bank repurchases $207 mln worth of foreign bonds . Says repurchased $207 mln worth of bonds from its foreign currency-denominated bond holders issued under its $6 bln euro medium term note (EMTN) . Says bank repurchased $134 mln worth of bonds from U.S. bondholders and 79 mln swiss francs worth of bonds from swiss francs bond holders . Buyback announcement follows EMTN public tender offer and open market repurchases announced in July 2016 of $325 mln worth of bonds . Says repurchased a weighted average of just under 52 pct of its EMTN bonds since April 2016 Further company coverage: [ABLJ.J] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

African Bank settles all claims between ABIL and empowerment shareholders
Monday, 25 Jul 2016 

African Bank Investments Ltd : Settlement agreement between ABIL and its empowerment shareholders . BEE Company returned to ABIL 48.2 mln shares representing 3,21 pct of issued ordinary share capital of ABIL . Agreements constitute a full and final settlement of all disputes and claims .Hlumisa Investment Holdings returned to ABIL 25.9 mln shares representing 1,73 pct of share capita.  Full Article

African Bank buys back $325 mln worth of bonds from foreign bondholders
Thursday, 14 Jul 2016 

African Bank Investments Ltd : African Bank buys back $325million worth of bonds from foreign bondholders . It has repurchased us$276 million worth of bonds from its foreign currency-denominated bond holders, issued under its us$6 billion euro medium term note . Bank repurchased us$69 million worth of bonds from us$ bondholders Further company coverage: [ABLJ.J] ((Bengaluru Newsroom +918067491136;)).  Full Article

African Bank Ltd offers to buyback up to $500 mln foreign bonds
Friday, 1 Jul 2016 

African Bank Ltd : African Bank offers to repurchase up to $500 million of foreign bonds . Structure of tender offer prioritises Swiss ('CHF') bondholders, who will receive a fixed tender price if they accept offer . Offer to repurchase bonds holders issued under its $6 billion euro medium term note programme .Offer opens today, 1 July 2016, and will close on 13 July 2016.  Full Article

African Bank Investments says HEPS for six month ended March 31 at 29.5cents/shr
Thursday, 30 Jun 2016 

African Bank Investments Ltd : HEPS for period ended march 31 at 29.5 cents per share . EPS for period at 29.5 cents per shares . Total equity of 1.59 billion rand . Reported net profit after tax of 443 million rand for six month period ended 31 March 2016 .No ordinary or preference dividends were declared in current period.  Full Article

African Bank says total comprehensive loss for 6 mths to March 31 of 2.78 billion rand
Tuesday, 28 Jun 2016 

African Bank Ltd : Total comprehensive loss for 6 mths to march 31 2.78 billion rand versus 5.89 billion rand year ago . Income from operations for 6 mths to march 31 6.22 billion rand versus 7.73 billion rand .Credit impairment charge for 6 mths to march 31 of 5.42 billion rand versus 8.54 billion rand year ago.  Full Article

UPDATE 1-Barclays sells Egyptian business to Morocco's Attijariwafa Bank

LONDON, Oct 4 Britain's Barclays has completed the sale of its Egyptian business to Morocco's Attijariwafa Bank as part of its shift towards focusing on the United States and Britain.