REG - ABSA Group Limited - Notice of Redemption and Cancellation of Listing

London Stock ExchangeAnnouncement

16/03/2023 13:30

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RNS Number : 2407T  ABSA Group Limited  16 March 2023

 

 

Notice of Optional Redemption to Holders of

U.S.$400,000,000 Fixed Rate Reset Callable Subordinated Tier 2 Notes due 2028

(ISIN XS1799058174, Common Code 179905817)

(the "Notes")

 

 

South Africa, 16 March 2023

Capitalised terms used herein shall, unless the context otherwise requires,
have the meanings given to them in the terms and conditions of the Notes set
out in the Prospectus dated 23 April 2018 (the "Conditions").

NOTICE IS HEREBY GIVEN by Absa Group Limited (the "Issuer") to the Noteholders
of the above Notes that the Issuer hereby, pursuant to Condition 5(d)
(Redemption at the option of the Issuer), elects to redeem all of the
aggregate principal amount outstanding of the Notes equal to U.S.$400,000,000
on the Call Date (as defined below). The Issuer is redeeming the Notes at
their Current Principal Amount (being 100% of the principal amount of the
Notes) (the "Redemption Price") together with accrued but unpaid interest up
to (but excluding) the Call Date (as defined below).

The redemption date for the Notes will be 25 April 2023 (the "Call Date").

Following the payment by the Issuer of the Redemption Price in respect of each
Note, the Notes shall be redeemed and the Issuer shall have no further
obligations to Noteholders in respect of the Notes.

The Issuer will request the London Stock Exchange plc to cancel the listing of
the Notes on the Official List of the FCA and the admission to trading on the
Regulated Market of the London Stock Exchange plc effective 26 April 2023.

This notice is given to the Noteholders in accordance with Condition 14
(Notices) of the Conditions.

The Issuer has received the written approval of the South African Prudential
Authority to redeem the Notes.

Absa Group Limited

 

CONTACTS

Inquiries: Absa Group Limited Investor Relations

Email: IR@absa.africa

 

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