ABSP - Absa Bank Limited - Private Placement of Ab
JSE ABSP
ABSP
ABSP - Absa Bank Limited - 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)
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 R842,33 per preference share, equivalent to an
effective dividend yield of 75% 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 06
September 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 JSE Limited for
the new Absa Bank preference shares to be listed on the "Preference Shares"
sector of the JSE lists.
Sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Johannesburg
06 September 2007
Date: 06/09/2007 10:51:01 Produced by the JSE SENS Department.
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