ABSA GROUP LIMITED - Results of remuneration engagement

Release Date: 27/07/2018 15:55
Code(s): ABG
 
Wrap Text
Results of remuneration engagement

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”)

ENGAGEMENT WITH SHAREHOLDERS WITH REGARD TO ABSA GROUP’S REMUNERATION POLICY AND IMPLEMENTATION REPORT

Further to the announcement released on 9 July 2018, shareholders are informed that a
telephone conference with the Group Chairman, Wendy Lucas-Bull, and the chairman of the
Group Remuneration Committee, Paul O’Flaherty, was held on Monday, 23 July 2018.

A total of 14 shareholders holding approximately 5% of the Group participated. The shareholders
posed questions and raised concerns regarding certain aspects of our disclosure relating to Long
Term Incentive Plan awards and about the application of Capital Requirements Directive IV to our
senior executives.

We thanked the shareholders for their input and committed to disclose in our 2018 financial year-
end integrated report the steps taken to address the concerns raised.

Johannesburg
27 July 2018


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

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

Joint Sponsor:
Absa Bank Limited - Corporate and Investment Bank

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