FIRSTRAND LIMITED - Voluntary update to shareholders on the UK motor commission matter
Voluntary update to shareholders on the UK motor commission matter
FIRSTRAND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
JSE share code: FSR; ISIN: ZAE000066304
NSX share code: FST
JSE company code interest rate issuer: FSDI
LEI: 529900XYOP8CUZU7R671
(FirstRand or the group)
Voluntary update to shareholders on the UK motor commission matter
FirstRand has committed to keeping shareholders updated on all material developments relating to
the UK motor commission matter.
Following a process of engaging with industry bodies and regulators, the group has decided not to
legally challenge the UK Financial Conduct Authority's proposed redress scheme.
FirstRand continues to regard the scheme as unfair and disproportionate and whilst there are legal
grounds for challenge, without the participation of a meaningful cohort of other UK lenders such an
undertaking by the group would not be in the best interest of its shareholders, particularly
considering the level of on-going uncertainty pursuing a legal challenge would create.
Sandton
28 April 2026
Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)
Debt sponsor
FirstRand Bank Limited
Date: 28-04-2026 02:34:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
