Update on ABIL's curatorship & restructuring - CNBC Africa

Update on ABIL's curatorship & restructuring

Financial

by Trust Matsilele 0

ABIL curatorship and restructuring to remain. PHOTOS: Destiny Connect

The curatorship and restructuring initiatives in respect of ABIL is set to continue, this is according to a statement from the bank.

(READ MORE: SARB to introduce support measures for ABIL)

“Investors are advised that the curatorship of the Bank and the restructuring initiatives in respect of ABIL, as announced in a statement by the then Governor of the South African Reserve Bank, Gill Marcus, on 10 August 2014 remain ongoing,” read the statement.

The bank added that during this time, trading in both the debt securities of the bank and the equity securities of ABIL will continue to remain suspended.

(READ MORE: National credit regulator supports ABIL’s curatorship)

“Investors are therefore advised to continue to exercise caution when dealing in the debt securities of the Bank and the equity securities of ABIL until further detailed announcements are made.”

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