Edition:
India

African Bank Investments Ltd (ABLJ.J)

ABLJ.J on Johannesburg Stock Exchange

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

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