ASA/ABSP - ABSA Group Limited/ABSA Bank Limited - Resignation Of ABSA Group
JSE ASA ABSP
ABSP AMAGB
ASA/ABSP - ABSA Group Limited/ABSA Bank Limited - Resignation Of ABSA Group
Financial Director Jacques Schindehutte
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 or 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)
RESIGNATION OF ABSA GROUP FINANCIAL DIRECTOR JACQUES SCHINDEHUTTE
Shareholders are advised that Group Executive Director, Jacques Schindehutte,
will resign from the boards of Absa Bank and Absa Group with effect 1 March
2010 and will leave the employ of Absa on 1 September 2010.
The timing and terms of his departure are in accordance with the retention
agreement that was concluded in November 2008 as reported in the shareholder
report for the year ended 31 December 2008. The Group will consider internal
and external candidates for this position in the coming months and a further
announcement will be made when appropriate.
Absa Group Chief Executive Maria Ramos said: "Jacques has made a significant
contribution to the growth and success of the Group during his 10-year tenure
and we wish him well in his future endeavours."
Johannesburg
7 September 2009
Enquiries:
Happy Ntshingila
Executive Director:
Absa Group Marketing & Corporate Affairs
(+2711) 350-6477
E-mail: happynt@absa.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 07/09/2009 13:32:01 Produced by the JSE SENS Department.
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