Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Barclays Africa Group Ltd    ASAJ   ZAE000174124

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Absa Group Limited : Non-executive director changes to Absa boards of directors

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/25/2013 | 11:28am CET
ABSA GROUP LIMITED ABSA BANK LIMITED (Incorporated in the (Incorporated in the Republic of South Africa) Republic of South Africa) (Registration number: (Registration number:

1986/003934/06) 1986/004794/06)
ISIN: ZAE000067237 ISIN: ZAE000079810
JSE share code: ASA JSE share code: ABSP Issuer code: AMAGB (Absa Bank)
(Absa Group, Absa or the Group)

NON-EXECUTIVE DIRECTOR CHANGES TO ABSA BOARDS OF DIRECTORS

Shareholders are informed that Antony Jenkins has resigned from the Boards of Absa Group and Absa Bank as Barclays Bank PLC ("Barclays") representative, effective 28 February 2013.
Antony, who joined the Absa Boards on 23 March 2009, was appointed as Group Chief Executive of Barclays PLC on 30 August
2012.
Absa Group Chairman, Garth Griffin, said: "We extend our sincere gratitude to Antony for his contribution to the Boards of Absa Group and Absa Bank, as well as to the Board committees on which he served. His expertise will be sorely missed, but we very much look forward to Antony's leadership as Chief Executive of Barclays."
Shareholders are also informed that Patrick Clackson and Ashok Vaswani are joining the Absa Boards, as Barclays representatives, with effect from 1 March 2013.
Patrick replaces Ivan Ritossa, who stood down from the Boards on
31 December 2012, and Ashok replaces Antony Jenkins.
Patrick is the Chief Executive of Barclays Corporate and Investment Banking in Europe, the Middle East and Africa. He joined Barclays Investment Bank in December 1998. He was previously the Chief Financial Officer for Sumitomo Bank's London and Asian investment banking activities and, before that, a senior manager at PricewaterhouseCoopers.
Ashok is the Chief Executive of Barclays Retail and Business Banking. He joined Barclays in 2010 and was the Chief Executive of the Barclays Africa businesses from October 2010 to September
2011. Before joining Barclays, he was a partner at Brysam Global
Partners LLC, a New York-based private equity firm focused on
building retail financial service businesses in emerging markets, and also spent twenty years in a number of senior roles at Citigroup.
In accordance with Absa Group's Memorandum of Incorporation, shareholders will be requested to confirm the appointment of Patrick and Ashok at the Group's annual general meeting, to be held on Thursday, 2 May 2013.
Johannesburg
21 February 2013

Enquiries

Alan Hartdegen
Head of Investor Relations, Absa Group
+27 (0) 11 350 2598
E-mail: [email protected]

Lead Sponsor:

J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor:

Absa Corporate and Investment Banking, a division of Absa Bank

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BARCLAYS AFRICA GROUP LTD
12/15 Capitec ends year on a high
12/09 BARCLAYS AFRICA : So, who buys 9mobile and its $1.2b debt?
12/05 Barclays Africa, China Development Bank sign agreement to cooperate on develo..
12/05 Barclays Africa, China Development Bank sign agreement to cooperate on develo..
12/05 9MOBILE : Barclays has not resigned as financial advisor
12/01 BARCLAYS AFRICA : announces final sale of stake in Africa business
12/01 BARCLAYS AFRICA : says parent company cut its stake to 14.9%
12/01 BARCLAYS AFRICA : says parent company cut its stake to 14.9%
12/01DJBARCLAYS : Cuts Stake in BAGL by 7%
11/30 BARCLAYS AFRICA : BAGL Basel III Pillar 3, 30 November
More news
News from SeekingAlpha
2016 Buy South-African Banks For Their Dividend Yield
2015 4 Ways American Investors Can Invest In Africa
Financials ( ZAR)
Sales 2017 74 385 M
EBIT 2017 27 902 M
Net income 2017 15 424 M
Debt 2017 -
Yield 2017 6,38%
P/E ratio 2017 8,88
P/E ratio 2018 8,35
Capi. / Sales 2017 1,84x
Capi. / Sales 2018 1,75x
Capitalization 137 B
Chart BARCLAYS AFRICA GROUP LTD
Duration : Period :
Barclays Africa Group Ltd Technical Analysis Chart | ASAJ | ZAE000174124 | 4-Traders
Technical analysis trends BARCLAYS AFRICA GROUP LTD
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 167  ZAR
Spread / Average Target 2,9%
EPS Revisions
Managers
NameTitle
Maria Ramos Group Chief Executive Officer & Executive Director
Wendy Elizabeth Lucas-Bull Non-Executive Chairman
Charles Russon Chief Operating Officer
Jason P. Quinn Finance Director & Director
Trevor Stewart Munday Lead Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BARCLAYS AFRICA GROUP LTD-4.06%10 442
HOUSING DEVELOPMENT FINANCE CORP LTD35.48%42 949
FIRSTRAND LIMITED4.65%24 165
CAPITEC BANK HOLDINGS LIMITED40.56%8 564
PEOPLE'S UNITED FINANCIAL, INC.-4.44%6 513
BANKUNITED4.70%4 284