ABSA GROUP LIMITED
Incorporated in the Republic of South Africa (Registration number: 1986/003934/06) Share Code: ABG
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
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.
20 April 2021
Enquiries: Alan Hartdegen +27 (0) 72 576 2713
Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Absa Bank - Corporate and Investment Bank
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.