ABSA GROUP LIMITED - Barclays Plc receives approval for full regulatory deconsolidation

Release Date: 20/07/2018 12:20
Code(s): ABG
 
Wrap Text
Barclays Plc receives approval for full regulatory deconsolidation

ABSA GROUP LIMITED
(Formerly: Barclays Africa Group Limited)
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
Share Code: ABG
ISIN: ZAE000255915
(“Absa Group”)


BARCLAYS PLC RECEIVES APPROVAL FOR FULL REGULATORY DECONSOLIDATION OF ABSA
GROUP

Shareholders are advised that Barclays PLC has received approval from the Prudential Regulatory
Authority and Financial Conduct Authority in the United Kingdom for the full regulatory deconsolidation of
Absa Group (formerly Barclays Africa Group), effective 30 June 2018.

Regulatory deconsolidation represents a milestone in Absa Group’s separation from Barclays PLC. We
expect to complete the operational separation in 2020, including rebranding our subsidiaries in the rest of
Africa and transferring off the services provided by Barclays PLC.


Johannesburg
20 July 2018

Enquiries:
Nadine Drutman – Group Company Secretary
(+2711) 350-5347
E-mail: Nadine.Drutman@absa.africa

Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor:
Absa Bank Limited - Corporate and Investment Bank

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