ASA / ABSP - Absa - Fulfilment Of Conditions Precedent Regarding The Acquisition
JSE ASA ABSP
ABSP AMAGB
ASA / ABSP - Absa - Fulfilment Of Conditions Precedent Regarding The Acquisition
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(Absa Group)
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
FULFILMENT OF CONDITIONS PRECEDENT REGARDING THE ACQUISITION BY ABSA GROUP OF
50% PLUS ONE SHARE OF WOOLWORTHS FINANCIAL SERVICES (PROPRIETARY) LIMITED AND
THE ESTABLISHMENT OF A JOINT VENTURE
Absa shareholders are referred to the announcement issued on 16 April 2008,
regarding the acquisition by Absa of 50% plus one share of the issued share
capital of Woolworths Financial Services (Proprietary) Limited, the financial
services business of Woolworths Holdings Limited (the Transaction).
Shareholders are hereby informed that all the conditions precedent to the
Transaction have now been fulfilled. Accordingly, the effective date of the
Transaction was Wednesday, 1 October 2008.
Johannesburg
2 October 2008
Enquiries
Doug Walker
Managing executive: Absa Card
+27(0)12 317 3848
E-mail: doug.walker@absa.co.za
Sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Legal advisor:
Deneys Reitz
Date: 02/10/2008 08:00:05 Produced by the JSE SENS Department.
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