JSE ABSP
ABSP
ABSP - Absa Bank - Private Placement of Absa Bank 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 - PRIVATE PLACEMENT OF ABSA BANK PREFERENCE SHARES ("ABSP
preference shares")
Investors are referred to Absa Bank`s announcements dated 20 March 2007 and 02
May 2007 relating to the monthly ABSP preference share issuance programme.
Absa Bank is pleased to announce that, in terms of the private placement, 74 381
of ABSP preference shares, at an aggregate value of R65 371 229.47 were placed
at a price of R878.87 and at an effective dividend rate of 72.90% of prime.
The JSE has granted Absa Bank a listing of the 74 381 additional ABSP preference
shares in the Specialist Securities - "Preference shares" sector with effect
from Tuesday, 08 May 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 Tuesday, 08
May 2007.
Enquiries
Carel Gronum
General Manager: Capital Management
Tel: (+2711) 350 8995;
e-mail: carelg@absa.co.za
Issued by:
Jacques Badenhorst
Head: Investor Relations
Absa Group Limited
4th floor, Absa Towers East, 170 Main Street, Johannesburg
Tel: (+2711) 350-4061 Fax: (+2711) 350-6487
E-mail: jacques.badenhorst@absa.co.za
Lead sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Co-sponsor:
Absa Capital, a division of Absa Bank Limited
Johannesburg
07 May 2007
Date: 07/05/2007 16:55:01 Produced by the JSE SENS Department.
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