Meikles Africa Ld - Re Subscription Agreement
07 Janeiro 2000 - 5:01AM
UK Regulatory
RNS Number:3744D
Meikles Africa Ld
7 January 2000
MEIKLES AFRICA LIMITED
NOTICE TO SHAREHOLDERS
On 9 December 1999 shareholders were notified that Meikles Africa and
Kingdom Financial Holdings had agreed to work together on a retail
banking initiative on the basis that Meikles Africa would subscribe
for 74,425,407 Kingdom shares at a price of $3.50 per share. The
subscription agreement was subject to the fulfillment of certain
conditions precedent, including the satisfactory completion of a due
diligence on Kingdom.
Shareholders are now advised that all the conditions precedent have
been duly fulfilled and that on 31 December Meikles Africa subscribed
for 74,425,407 Kingdom shares at the price of $3.50 per share.
Enquiries:
Meikles Africa Limited
Charles Golding, Finance Director Tel: +263 4 252 068
College Hill Associates
Nicholas Williams Tel: +44 171 457 2020
END
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