| Fri 17 Aug 2007, 12:20 | | ABSP - Absa Bank - Declaration Of Dividend Number |
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JSE ABSP
ABSP
ABSP - Absa Bank - Declaration Of Dividend Number 3: Non-Cumulative, Non-
Redeemable 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 or the Company)
ABSA BANK: DECLARATION OF DIVIDEND NUMBER 3: NON-CUMULATIVE, NON-REDEEMABLE
PREFERENCE SHARES
Introduction
On 2 August 2007, Absa Bank declared a dividend of 4 043 cents per non-
cumulative, non-redeemable preference share for the period from 1 March 2007 to
31 August 2007 subject to a change in the prime overdraft lending rate.
Subsequent to the Absa Bank dividend declaration, the South African Reserve Bank
Monetary Policy Committee increased the repo rate by 50 basis points, resulting
in a similar increase in the prime overdraft rate.
The Absa Bank preference shares have a dividend rate of 63% of the prime
overdraft lending rate.
Declaration of dividend number 3: Non-cumulative, non-redeemable preference
shares
Notice is hereby given that preference dividend number 3 of 4 056 cents per
share has been declared for the period from 1 March 2007 to 31 August 2007. The
dividend is payable on Monday, 3 September 2007, to shareholders of the non-
cumulative, non-redeemable preference shares (preference shareholders) recorded
in the books of the Company at the close of business on Friday, 31 August 2007.
In accordance with the provisions of Strate, the electronic settlement and
custody system used by the JSE Limited, and the JSE Listings Requirements, the
following salient dates for the payment of the preference dividend are
applicable:
Last day to trade cum dividend Friday, 24 August 2007
Shares trade ex dividend Monday, 27 August 2007
Record date Friday, 31 August 2007
Payment date Monday, 3 September 2007
Share certificates may not be dematerialised or rematerialised between Monday,
27 August 2007, and Friday, 31 August 2007, both dates inclusive.
On Monday, 3 September 2007, the dividend will be transferred electronically to
the bank accounts of certificated shareholders who use this facility. In respect
of those who do not, cheques dated 3 September 2007 will be posted on or about
that date. The accounts of shareholders who have dematerialised their shares
(which are held at their central securities depository participant or broker)
will be credited on Monday, 3 September 2007.
On behalf of the board
WR Somerville
Group secretary
Johannesburg
17 August 2007
Please note that the preference dividend calculation dates are 28 (29) February
and 31 August of each year and that the payment date may not be later than 45
days after the preference dividend calculation date.
Enquiries
Jacques Schindehutte
Group executive director
Absa Group Limited
5th floor, Absa Towers East, 170 Main Street, Johannesburg, 2001
Tel: +2711 350 4850, Fax: +2711 350 8433
e-mail: jacquessc@absa.co.za
Eric Wasserman
Group executive: Group Finance
Absa Group Limited
4th floor, Absa Towers East, 170 Main Street, Johannesburg, 2001
Tel: +2711 350 5887, Fax: +2711 350 6487
e-mail: ericwas@absa.co.za
Sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Date: 17/08/2007 12:20:01 Produced by the JSE SENS Department.
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