| Mon 3 Aug 2009, 15:58 | | ABSP - Absa Bank - Correction On Absa Bank Profit And Dividend Announcement - |
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JSE ABSP
ABSP
ABSP - Absa Bank - Correction On Absa Bank Profit And Dividend Announcement -
Unaudited Interim Financial Results For The Six Months Ended 30 June 2009
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 Bank)
CORRECTION ON ABSA BANK PROFIT AND DIVIDEND ANNOUNCEMENT - UNAUDITED INTERIM
FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2009
Holders of Absa Bank non-cumulative, non-redeemable preference shares
(preference shares) are referred to the announcement released on SENS earlier
today, where the dividend per preference share was incorrectly declared at 139,3
cents per share. Shareholders are advised that the correct dividend per
preference share is 3799,0 cents per share. The declaration should therefore
read as follows:
Declaration of dividend number 7: Absa Bank non-cumulative, non-redeemable
preference shares (Absa Bank preference shares)
The Absa Bank preference shares have an effective coupon rate of 63% of Absa
Bank`s prevailing prime overdraft lending rate (prime rate). Absa Bank`s current
prime rate is 11,0%.
Notice is hereby given that preference dividend number 7, equal to 63% of the
prime rate as at 31 August 2009, per Absa Bank preference share has been
declared for the period 1 March 2009 to 31 August 2009. The dividend is payable
on Monday, 31 August 2009, to shareholders of the Absa Bank preference shares
recorded in the register of members of the Company at the close of business on
Friday, 28 August 2009. Should the prime rate change prior to 31 August 2009,
the actual amount of the dividend will be adjusted accordingly.
Based on the current prime rate, the preference dividend payable for the period
1 March 2009 to 31 August 2009 would indicatively be 3799,0 cents per Absa Bank
preference share.
In accordance with the provisions of Strate, the electronic settlement and
custody system used by the JSE, 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, 21 August 2009
Shares commence trading ex dividend Monday, 24 August 2009
Record date Friday, 28 August 2009
Payment date Monday, 31 August 2009
Share certificates may not be dematerialised or rematerialised between Monday,
24 August 2009, and Friday, 28 August 2009, both dates inclusive.
On Monday, 31 August 2009, the dividend will be electronically transferred to
the bank accounts of certificated shareholders who use this facility. In respect
of those who do not, cheques dated 31 August 2009 will be posted on or about
that date. The accounts of those shareholders who have dematerialised their
shares (which are held at their participant or broker) will be credited on
Monday, 31 August 2009.
On behalf of the board
S Martin
Group Secretary
Johannesburg
3 August 2009
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
Jason Quinn
Group Financial Controller
Absa Group Limited
4th Floor, Absa Towers East, 170 Main Street, Johannesburg
Tel: +2711 350-7565, Fax: +2711 350-6487
E-mail: jason.quinn@absa.co.za
Ms Nerina Bodasing
Head: Investor Relations
Absa Group Limited
3rd Floor, Absa Towers East, 170 Main Street, Johannesburg
Tel: +2711 350-2598, Fax: +2711 350-5924
E-mail: Nerina.Bodasing@absa.co.za
Sponsor
J.P. Morgan Equities Limited
Date: 03/08/2009 15:58:03 Produced by the JSE SENS Department.
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JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
