Standard Bank South Africa

Standard Bank South Africa has provided an irrevocable guarantee for cash settlement of the AttBid Proprietary Limited mandatory offer for RMH Holdings at R0.47 per share. Under TRP (Takeover Regulation Panel) regulations, a mandatory general offer must be accompanied by a guarantee from an acceptable financial institution confirming the acquirer’s ability to fund the transaction. The total guaranteed amount is approximately R655 million. Standard Bank’s role is procedural but material: without the guarantee the TRP would not issue the compliance certificate required for the offer to proceed.

Connections

• AttBid Proprietary Limited — the entity whose offer Standard Bank guarantees
• TRP (Takeover Regulation Panel) — requires the guarantee as a condition of offer approval