| Fri 5 Apr 2013, 10:00 | | ABSA GROUP LIMITED - Announcement in Relation to the Proposed Strategic Combination of Barclays African Operations with Absa Group Ltd |
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ASA 201304050009A
Announcement in Relation to the Proposed Strategic Combination of Barclays African Operations with Absa Group Ltd
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”)
Announcement in Relation to the Proposed Strategic Combination of
Barclays African Operations with Absa Group Limited, and the Proposed
Change of Name of “ABSA GROUP LIMITED” to “BARCLAYS AFRICA
GROUP LIMITED” (“The Transaction”)
Further to our announcement dated 6 December 2012, the circular to
shareholders posted on 14 December 2012 and the results of the
general meeting announcement on 25 February 2013, shareholders are
reminded that the Transaction remains subject to various conditions
precedent as set out in the circular, including, inter alia, various
regulatory approvals.
While good progress continues to be made, the indicative corporate
actions timetable in the circular is no longer applicable. However,
it is still expected that the Transaction will be completed within
the dates allowed for under the sale and purchase agreement entered
into between Absa Group, Barclays Africa Group Holdings Limited and
Barclays Bank PLC. A further announcement, setting out a revised
corporate actions timetable with regards to the Transaction will be
released in due course.
Johannesburg
5 April 2013
Independent lead sponsor to Absa Group
J.P. Morgan Equities South Africa Proprietary Limited
Joint sponsor to Absa Group
Absa Corporate and Investment Banking, a division of Absa Bank Limited
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