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BARCLAYS AFRICA GROUP LIMITED - Cautionary announcement

Release Date: 29/02/2016 07:05
Code(s): BGA     PDF:  
Wrap Text
Cautionary announcement

BARCLAYS AFRICA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000174124
JSE share code: BGA
(“Barclays Africa Group” or “BAGL”)

CAUTIONARY ANNOUNCEMENT


BAGL refers to the announcement made by Barclays PLC at 18h00 (BST) time (20h00 SAST)
on Sunday 28 February 2016. The full text of the statement appears below:


“Barclays PLC notes the recent press speculation regarding a potential sale of its
shareholding in Barclays Africa Group Limited (“BAGL”). The Board continues to evaluate its
strategic options in relation to its BAGL shareholding and expects to update the market at the
time of its 2015 Full Year Results Announcement on 1 March 2016.” (end of quote)


Consequently, BAGL shareholders are advised to exercise caution when dealing in BAGL
shares.


BAGL is an independent entity listed on the Johannesburg Stock Exchange that is well
capitalized with a track record of generating strong returns. It is delivering on its strategy, has
a strong and independent board, and is a bank regulated by the South African Reserve Bank.
The BAGL Board confirms that BAGL will continue to operate in the normal course of
business.


BAGL is the majority (and in some cases sole) shareholder of the BAGL operations in South
Africa, Kenya, Botswana, Ghana, Zambia, Mauritius, Mozambique, Seychelles, Uganda and
Tanzania (Barclays Bank Tanzania Limited and National Bank of Commerce Limited). BAGL
confirms that any announcement relating to PLC’s shareholding in BAGL does not impact the
shareholding and ownership of these operations.


The BAGL results will be released on SENS in the ordinary course tomorrow (1 March 2016)
at 07h00 SAST or shortly thereafter.
Johannesburg
29 February 2016


Enquiries:
Nadine Drutman (Group Company Secretary)
Nadine.Drutman@barclaysafrica.com
Tel: 011 350 5347


Independent lead sponsor to Barclays Africa Group:
J.P. Morgan Equities South Africa Proprietary Limited
Joint sponsor to Barclays Africa Group:
Corporate and Investment Banking, a division of Absa Bank Limited

Date: 29/02/2016 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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