ABSP - Absa - Results of a private placement of th
JSE ABSP
ABSP
ABSP - Absa - Results of a private placement of the ABSP Preference Shares
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
ABSA BANK LIMITED - RESULTS OF A PRIVATE PLACEMENT OF 1,681,184 ABSA BANK NON-
CUMULATIVE, NON-REDEEMABLE PREFERENCE SHARES ("THE ABSP PREFERENCE SHARES")
("PRIVATE PLACEMENT")
Shareholders are referred to the announcement dated 20 March 2007 relating to
the private placement of between R1bn and R 2bn of the ABSP preference shares.
Absa Bank is pleased to announce that, in terms of the private placement, 1 681
184 of the ABSP preference shares, at an aggregate value of R1 424 534 450.56
were placed at a price of R847.34 per share, at an effective dividend rate of
75% of prime.
The JSE has granted Absa Bank a listing of the 1 681 184 additional ABSP
preference shares in the Specialist Securities - "Preference shares" sector with
effect from Wednesday, 4 April 2007. The ABSP preference shares will be allotted
and issued, against receipt of payment from their Central Securities Depository
Participants, to institutions who applied for preference shares, on Wednesday, 4
April 2007.
Enquiries
Carel Gronum
General Manager: Capital Management
Tel: (+2711) 350 8995;
e-mail: carelg@absa.co.za
Lead sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Co-sponsor:
Absa Capital, a division of Absa Bank Limited
Johannesburg
April 3, 2007
Date: 03/04/2007 16:45:00 Produced by the JSE SENS Department.
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