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    ABG   ZAE000255915

ABSA GROUP LIMITED

(ABG)
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Absa : Discussions with Group Chief Executive, 20 April 2021

04/20/2021 | 07:55am EDT

ABSA GROUP LIMITED

Incorporated in the Republic of South Africa (Registration number: 1986/003934/06) Share Code: ABG

ISIN: ZAE000255915

Bond Issuer Code: ABGI ("Absa Group" or "Group")

ABSA BANK LIMITED

(Incorporated in the Republic of South Africa) (Registration number: 1986/004794/06)

JSE share code: ABSP

ISIN: ZAE000079810

Bond Issuer Code: BIABS ("Absa Bank")

DISCUSSIONS WITH ABSA GROUP CHIEF EXECUTIVE

In response to press speculation, shareholders are advised that the boards of directors of Absa Group and Absa Bank ("Boards") and their Group Chief Executive, Mr Daniel Mminele, have been engaged in various discussions surrounding his working relationship with the Boards. Mr Mminele and the Boards are working on a suitable separation arrangement and a further announcement will be published shortly after midday.

Johannesburg

20 April 2021

Enquiries: Alan Hartdegen +27 (0) 72 576 2713

E-mail: Alan.Hartdegen@absa.africa

Lead Independent Sponsor:

J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor:

Absa Bank - Corporate and Investment Bank

1

Disclaimer

Absa Group Limited published this content on 20 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2021 11:54:03 UTC.


© Publicnow 2021
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Financials
Sales 2021 84 038 M 5 981 M 5 981 M
Net income 2021 14 374 M 1 023 M 1 023 M
Net Debt 2021 - - -
P/E ratio 2021 7,36x
Yield 2021 5,03%
Capitalization 102 B 7 244 M 7 251 M
Capi. / Sales 2021 1,21x
Capi. / Sales 2022 1,13x
Nbr of Employees 36 737
Free-Float 81,6%
Chart ABSA GROUP LIMITED
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Absa Group Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends ABSA GROUP LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 139,89 ZAR
Last Close Price 123,00 ZAR
Spread / Highest target 23,6%
Spread / Average Target 13,7%
Spread / Lowest Target 0,00%
EPS Revisions
Managers and Directors
NameTitle
Jason P. Quinn Group Chief Executive Officer & Director
Punki Modise Group Financial Director & Executive Director
Wendy Elizabeth Lucas-Bull Independent Non-Executive Chairman
Akash Singh Group Chief Compliance Officer
Mark Merson Independent Non-Executive Director