ABSP - ABSA Bank Limited - Private placement of AB
JSE ABSP
ABSP
ABSP - ABSA Bank Limited - Private placement of ABSA bank preference shares
(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 - PRIVATE PLACEMENT OF ABSA BANK PREFERENCE SHARES (ABSP PREFERENCE
SHARES)
Investors are referred to Absa Bank`s announcement dated 20 March 2007 relating
to the monthly ABSP preference share issuance programme. As part of this
programme, Absa Bank intends to privately place further ABSP preference shares
to selected investors at R887,90 per preference share, equivalent to an
effective dividend yield of 73,85% of prime. The share price was determined with
reference to the pricing mechanism announced in the above announcement, being
the volume-weighted average price of ABSP preference shares on the JSE for the
preceding five trading days.
An amount of not more than ZAR 300 million of ABSP preference shares will be
issued pursuant to this placement, which closes at 12:00 on Thursday 2 August
2007.
The new Absa Bank preference shares will rank pari passu with the Absa Bank
preference shares already in issue. Application will be made to the JSE Limited
for the new Absa Bank preference shares to be listed on the "Preference Shares"
sector of the JSE lists.
Johannesburg
1 August 2007
Enquiries
Carel Gronum
Group treasurer
Tel: (+2711) 350 8995;
e-mail: carelg@absa.co.za
Issued by:
Peter Steyn
Head: Investor Relations
Absa Group Limited
4th floor, Absa Towers East, 170 Main Street, Johannesburg
Tel: (+2711) 350-8261 Fax: (+2711) 350-6487
e-mail: peterst@absa.co.za
Sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Date: 01/08/2007 15:00:06 Produced by the JSE SENS Department.
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