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ASA/ABSP - Absa Group/Absa Bank - Notice Of Dealings in securities in terms of
paragraphs 3.63 to 3.74 of the JSE Listings Requirements
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(Absa Group)
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
NOTICE OF DEALINGS IN SECURITIES IN TERMS OF PARAGRAPHS 3.63 TO 3.74 OF THE JSE
LISTINGS REQUIREMENTS
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the
JSE Limited the following information is disclosed.
Absa Group executive directors, Messrs L L von Zeuner and D W P Hodnett were
granted awards under the Performance Share Plan (PSP), an equity-settled phantom
share scheme, approved by shareholders in 2006 and disclosed in the 2010 annual
report. The conditions of this scheme have been met and the scheme has ended.
Pursuant to the scheme, and subject to the completion of appropriate mandates
and instructions, Messrs von Zeuner and Hodnett were entitled to receive 105 996
and 30 071 Absa Group ordinary shares respectively at 12 923 cents per share on
24 February 2011. Mr von Zeuner has elected to sell 43 595 shares and retain the
remaining 62 401 shares. Mr Hodnett has elected to sell his shares.
Details of these transactions are contained below:
Name: L L von Zeuner
Designation: Absa Group and Absa Bank Executive Director
Date of sale transaction: 17 March 2011
Number of shares: Acquired 105 996 shares at 12 923 cents per share.
Sold 2 273 shares at 12 700 cents per share, 1 000
shares at 12 675 cents per share, 419 shares at 12
671 cents per share, 9 581 shares at 12 670 cents
per share, 145 shares at 12 663 cents per share, 1
400 shares at 12 660 cents per share, 5 041 shares
at 12 650 cents per share, 10 000 shares at 12 645
cents per share, 113 shares at 12 611 cents per
share, 213 shares at 12 610 cents per share, 13
410 shares at 12 600 cents per share.
Retained 62 401 shares.
Nature of transaction: On market acquisition and consequent sale of
shares
Class of securities: Absa Group ordinary shares
Value of acquisition
transaction: R13 697 863.08
Value of sale transaction: R5 510 982.77
Nature of interest: Direct beneficial
Clearance to deal: Yes
Name: D W P Hodnett
Designation: Absa Group and Absa Bank Executive Director
Date of sale transaction: 7 April 2011
Number of shares: Acquired 30 071 at 12 923 cents per share.
Sold 5 000 shares at 13 925 cents per share, 5 000
shares at 13 920 cents per share, 10 000 shares at
13 900 cents per share, 5 000 shares at 13 850
cents per share, 3 000 shares at 13 840 cents per
share and 2 071 shares at 13 825 cents per share.
Nature of transaction: On market acquisition and consequent sale of
shares
Class of securities: Absa Group ordinary shares
Value of acquisition
transaction: R3 886 075.33
Value of sale transaction: R4 176 265.75
Nature of interest: Direct beneficial
Clearance to deal: Yes
Mr von Zeuner was also granted awards under the Executive Share Award Scheme
(ESAS), an equity-settled phantom share scheme, approved by shareholders in
2006. The conditions of this scheme have been met and the scheme has become
available for vesting. Pursuant to the scheme, Mr Von Zeuner exercised the
option to receive 33 283 shares at 12 936 cents per share, and his rights in
this regard. Mr Von Zeuner has elected to sell 13 569 shares and retain the
remaining 19 714 shares.
Details of this transaction are contained below:
Name: L L von Zeuner
Designation: Absa Group and Absa Bank Executive Director
Date of sale transaction: 14 March 2011
Number of shares: Acquired 33 283 shares at
12 936 cents per share.
Sold 1 500 shares at 12 785 cents per share, 2 500
shares at 12 770 cents per share, 85 shares at 12
768 cents per share, 748 shares at 12 767 cents
per share, 4 967 shares at 12 766 cents per share,
81 shares at 12 752 cents per share, 422 shares at
12 751 cents per share and 3 266 shares at 12 750
cents per share.
Retained 19 714 shares.
Nature of transaction: On market acquisition and consequent sale of
shares
Class of securities: Absa Group ordinary shares
Value of acquisition
transaction: R4 305 488.88
Value of sale transaction: R1 732 015.52
Nature of interest: Direct beneficial
Clearance to deal: No
Johannesburg
8 April 2011
Enquiries:
Shareholders and investors:
Alan Hartdegen - Head: Investor Relations
(+2711) 350-2598
E-mail: Alan.Hartdegen@absa.co.za
Media and other:
Marthinus van Rensburg - Group Legal Counsel
(+2711) 350-4313
E-mail: Marthinus.VanRensburg@absa.co.za
Sponsor:
J. P. Morgan Equities Limited
Date: 08/04/2011 15:14:01 Supplied by www.sharenet.co.za
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