ABSA BANK LIMITED - ABSP - Update on Dividend Declaration
ABSP 201702240075A
ABSP - Update on Dividend Declaration
ABSA BANK LIMITED
Authorised financial services and registered credit provider (NCRCP7)
Incorporated in the Republic of South Africa
Registration number: 1986/004794/06
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
UPDATE ON DIVIDEND DECLARATION
Following the increase in the dividend withholding tax announced during the budget speech by
the Minister of Finance on Wednesday, 22 February 2017, shareholders are advised of the
following changes to the dividend declaration, which was announced by Absa Bank on
Thursday, 23 February 2017:
The dividend will now be subject to dividends withholding tax at a rate of 20%, up from 15%. In
accordance with paragraphs 11.17(a)(i) to (ix) and 11.17(c) of the JSE Listings Requirements,
the following additional information is disclosed:
- The local dividend tax rate is twenty per cent (20%).
- The gross local dividend amount is 3 644,79452 cents per preference share for
shareholders exempt from the dividend tax.
- The net local dividend for shareholders subject to withholding tax at a rate of 20% amounts
to 2 915,83562 cents per preference share.
The remainder of the dividend declaration is unchanged.
Johannesburg
24 February 2017
Enquiries:
Alan Hartdegen
+27 (0) 11 350 2598
E-mail: Alan.Hartdegen@barclaysafrica.com
Sponsor to Absa Bank:
Corporate and Investment Bank – a division of Absa Bank
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