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

BARCLAYS AFRICA GROUP LIMITED - Proposed change of name

Release Date: 01/03/2018 08:05
Code(s): BGA     PDF:  
Wrap Text
Proposed change of name

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 “the Group” or “BAGL”)



PROPOSED CHANGE OF NAME

Barclays Africa Group shareholders are advised of the intention to change the Group’s name
from “Barclays Africa Group Limited” to “Absa Group Limited”, subject to regulatory and
shareholders’ approval.

The name change will be effective from the date set out in the amended registration certificate
issued by the Companies and Intellectual Property Commission (CIPC) as contemplated in
section 16(9) of the Companies Act.

A special resolution to this effect will be included in the notice of annual general meeting (AGM)
to be issued to shareholders of Barclays Africa Group on 29 March 2018 for the meeting on
15 May 2018.

Subject to all conditions precedent above being met, the proposed share code and ISIN from
the effective date of the name change currently 30 May 2018 will be:
- New Share code – “AGB”
- New ISIN - ZAE000255915.

Background to the proposed name change
The Transitional Trade Mark License Agreement, entered into between Barclays Africa Group
and Barclays PLC as part of the separation arrangement, inter alia, provides that:
- the use of the name “Barclays Africa Group Limited” is permitted up to 6 June 2020,
   provided BAGL announce the intention to change its name on or before 6 June 2018;
- in South Africa, the term “Member of Barclays” must be removed by 6 June 2018, subject to
   an additional two-year run off period in respect of debit and credit cards; and
- the Barclays brand may only be used in the rest of Africa up to 6 June 2020, subject to an
   additional two-year run off period in respect of debit and credit cards.


Salient Dates:                                                                    2018
Posting of Notice of AGM                                                          29 March
AGM                                                                               15 May
Results of AGM on SENS                                                            15 May
Results of AGM in the press                                                       16 May
Lodge name change with CIPC                                                       16 May

                                                                                       Page 1 of 2
Name change timetable (subject to change, depending on the date of registration of the
new name at CIPC):
Publication of finalisation information (D – 8)                           22 May
Last day to trade in old securities in respect of the name change (D – 3) 29 May
Shares trade under new name, ISIN and code (D – 2)                        30 May
Record date (D+0; Friday)                                                 1 June
Issue of new securities to certificated holders (D + 1)                   4 June
Dematerialised shareholders will have their accounts
at the CSDP/Broker updated on                                             4 June

Notes:
(1)      All dates and times are South African dates and times.
(2)      The dates and times may be changed by the Company. Any change will be published on SENS and in the
         South African press.
(3)      Shareholders will not be able to dematerialise or rematerialise securities in the name of Barclays Africa
         between Wednesday, 30 May 2018 and Friday, 1 June 2018, both days inclusive.
(4)      Share certificates and surrender forms received after 12:00 on the Record Date will have their replacement
         certificates posted within 5 Business Days of receipt of surrender forms.


Johannesburg
1 March 2018


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

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

Joint Sponsor:
Absa Bank Limited (Corporate & Investment Bank)




                                                                                                       Page 2 of 2

Date: 01/03/2018 08:05:00 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.

Share This Story