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ABSA GROUP LIMITED - Payment of Final 2019 Ordinary Dividend

Release Date: 07/04/2020 16:28
Code(s): ABG     PDF:  
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Payment of Final 2019 Ordinary Dividend

Absa Group Limited
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
JSE share code: ABG
ISIN: ZAE000255915
(“Absa Group”)


PAYMENT OF FINAL 2019 ORDINARY DIVIDEND


With reference to the Prudential Authority’s Guidance Note 4/2020, dated 6 April 2020,
shareholders are advised that Absa Group will pay a final ordinary dividend of 620 cents per
ordinary share for the period ended 31 December 2019.


We have consulted carefully with the Prudential Authority both before and after the issuance of
Guidance Note 4/2020 and have clarified with the Prudential Authority that we should continue
to pay our dividend declared on 11 March 2020. The Prudential Authority has confirmed that,
where governance processes have reached a point where there is a legal obligation to pay
dividends, banks should pay. We will, however, continue to carefully consider our capital and
funding position and the guidance note of the Prudential Authority for the 2020 year.


While the Board agrees with the need to conserve capital in the current environment, legal
advice confirms that a dividend must be paid after having been declared and communicated.
We also recognise that there are pensioners and other investors who have placed reliance on
our dividend declaration.


The final ordinary dividend for 2019 is payable to shareholders recorded in the register of
members of the Company at the close of business on 17 April 2020. It will be subject to local
dividends withholding tax at a rate of 20%. Shares will commence trading ex-dividend on
15 April 2020 and the payment date is 20 April 2020.


Johannesburg
7 April 2020
Enquiries:
Nadine Drutman (Group Company Secretary)
Nadine.Drutman@absa.africa
Tel: +27 11 350 5347


Independent lead sponsor to Absa Group:
J.P. Morgan Equities South Africa Proprietary Limited


Joint sponsor to Absa Group:
Absa Bank Limited – Corporate and Investment Bank

Date: 07-04-2020 04:28:00
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