| Mon 7 Aug 2006, 11:06 | | Absa - Declaration of Dividend Number 1: Non-Cumul |
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JSE ABSP
ABSP
Absa - Declaration of Dividend Number 1: Non-Cumulative, Non-Redeemable
Preference Shares
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
ABSA BANK LIMITED: DECLARATION OF DIVIDEND NUMBER 1: NON-CUMULATIVE, NON-
REDEEMABLE PREFERENCE SHARES
INTRODUCTION
On 3 August 2006, Absa Bank Limited declared a provisional dividend of 2 410,40
cents per non-cumulative, non-redeemable preference share for the period from 25
April 2006 to 31 August 2006.
Subsequent to the provisional declaration, the South African Reserve Bank
Monetary Policy Committee increased the prime overdraft lending rate by 50 basis
points.
The Absa Bank preference shares have a coupon rate of 63% of the prime overdraft
lending rate.
DECLARATION OF DIVIDEND NUMBER 1: NON-CUMULATIVE, NON-REDEEMABLE PREFERENCE
SHARES
Notice is hereby given that preference dividend number 1 of 2 435,42 cents per
share has been declared for the period from 25 April 2006 to 31 August 2006. The
dividend is payable on Monday, 4 September 2006, to shareholders of the non-
cumulative, non-redeemable preference shares (preference shareholders) recorded
in the books of the Company at the close of business on Friday, 1 September
2006.
In accordance with the provisions of Strate, the electronic settlement and
custody system used by the JSE Limited, the relevant dates for the payment of
the preference dividend are as follows:
Last day to trade cum dividend Friday, 25 August 2006
Shares trade ex dividend Monday, 28 August 2006
Record date Friday, 1 September 2006
Payment date Monday, 4 September 2006
Share certificates may not be dematerialised or rematerialised between Monday,
28 August 2006, and Friday, 1 September 2006, both days inclusive. Where
applicable, dividends in respect of certificated shares will be transferred
electronically to shareholders" bank accounts on payment date.
In the absence of specific mandates, dividend cheques will be posted to
shareholders. Shareholders who have dematerialised their share certificates will
have their accounts at their central securities depository participant or broker
credited on Monday, 4 September 2006.
On behalf of the board
W R Somerville
Group secretary
7 August 2006
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
Eric Wasserman
Group executive: Group Finance
Absa Group Limited
4th floor, Absa Towers East, 170 Main Street, Johannesburg
Tel: (+2711) 350-5887 Fax: (+2711) 350-6487
e-Mail: ericwas@absa.co.za
Issued by:
Jacques Badenhorst
Investor Relations
Absa Group Limited
4th floor, Absa Towers East, 170 Main Street, Johannesburg
Tel: (+2711) 350-4061 Fax: (+2711) 350-6487
e-Mail: jacques.badenhorst@absa.co.za
Lead sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Co-sponsor:
Absa Capital - Corporate Finance, a division of Absa Bank Limited
Johannesburg
7 August 2006
Date: 07/08/2006 11:07:02 AM Produced by the JSE SENS Department
