To view the PDF file, sign up for a MySharenet subscription.

ABSA GROUP LIMITED - Dealing in securities

Release Date: 15/04/2019 11:50
Code(s): ABG     PDF:  
 
Wrap Text
Dealing in securities

ABSA GROUP LIMITED
(formerly: Barclays Africa Group Limited)
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
ISIN: ZAE000255915
JSE share code: ABG
(“Absa Group” or “the Group”)

DEALINGS BY DIRECTORS OF ABSA GROUP

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the
following ordinary shares have been awarded to Executive Directors and the Company Secretary of the
Absa Group:

Share Value Plan (SVP)
Consistent with our policy on incentive awards to senior employees, each annual incentive award is
deferred 50% into the Share Value Plan (SVP) and 50% into the Cash Value Plan (CVP). The individual
has a choice to convert all or part of the CVP into SVP.

The number of shares under the 2019 SVP was fixed with reference to the 20-day volume-weighted
average price preceding 18 March 2019 (the grant date). This table sets out the deferred incentives
which were awarded into the SVP and granted to the executive directors and company secretary off
market. These shares will vest in three equal tranches, on the first, second and third anniversary of the
grant date. These awards have since been accepted on the date indicated below.

                                                                                Number of     Price of
   Director/           Grant        Acceptance        % Election                                          Total Value
                                                                   Award Type     Shares     Shares at
   Secretary           Date            Date            into SVP                                             (ZAR)
                                                                                 Awarded    Grant (ZAR)

Jason Quinn         18/03/2019       12/04/2019        50% SVP      SVP 2019     17,028      R173.18      R2,948,909


Peter Matlare*      18/03/2019       12/04/2019       100% SVP      SVP 2019     31,786      R173.18      R5,504,699


Nadine Drutman      18/03/2019       12/04/2019        50% SVP      SVP 2019      2,724      R173.18       R471,742

   *Peter Matlare elected to convert his CVP award into SVP.

Clearance to deal has been obtained for the abovementioned transactions.

Johannesburg
15 April 2019

Enquiries:
Nadine Drutman
(+2711) 350-5347
E-mail: nadine.drutman@absa.africa

Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
                                                                                                            Page 1 of 2
Joint Sponsor:
Absa Bank Limited (Corporate & Investment Bank)




                                                  Page 2 of 2

Date: 15/04/2019 11:50:00 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.

Email this JSE Sens Item to a Friend.

Share This Story