Wrap Text
Dealings by a Director of Absa Group
ABSA GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
ISIN: ZAE000255915
JSE share code: ABG
Bond Issuer Code: ABGI
("Absa Group" or the "Group")
Dealings By A Director Of Absa Group
In accordance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders
are advised that the following ordinary shares have been awarded to Kenny Fihla, the
Absa Group Chief Executive Officer and executive director:
1. Absa Group Share Incentive Plan (SIP) – Share Incentive Plan Performance Award
The Share Incentive Plan (SIP") Long-Term Performance Award is designed to incentivise
long-term performance with vesting of awards, subject to fulfilment of a combination
of financial and non-financial Absa Group performance targets (as disclosed in the
Group's Remuneration Report for 2024) measured over a three-year performance period.
The Award will vest on or around the third anniversary of the grant date, subject to
the achievement of the performance targets, and continued employment requirements, as
set out in the SIP rules. Dividend equivalents may be added to the Awards at the
vesting of an Award in terms of the Share Incentive Plan Rules and will be paid to the
extent that the shares vest.
The number of shares under the Award was fixed with reference to the 20-day volume-
weighted average price preceding the grant date (being 1 September 2025). The Award
was granted as set out on the table below and has since been accepted on the date
indicated below.
On Target value at
Number of Price of award date (ZAR),
Grant Date Acceptance Date Award Type Shares Awarded Shares at subject to
(*note) Grant (ZAR) performance targets
(*note)
1 September 2025 15 September 2025 Performance 107,434 186.16 19,999,913.44
Award
Notes:
* The value and number of shares will vest, subject to the extent that the
performance targets have been met.
2. Absa Group Share Incentive Plan (SIP) - Deferred Award
The number of shares under the Deferred Awards was fixed with reference to the 20-day
volume-weighted average price preceding 1 September 2025 (the grant date). The table
below sets out the deferred short-term incentive which was awarded under the Deferred
Award and granted to the executive director. The Deferred Awards will vest in three
equal tranches, on or around the first, second and third anniversary of the grant date,
subject to the rules of the SIP (as amended from time to time). Dividend equivalents
may be added to the Deferred Awards at the vesting of a Deferred Award tranche. The
Deferred Award is subject to continued employment at date of vesting.
The Deferred Award has since been accepted on the date indicated below.
Number of Price of Value at Award
Grant Date Acceptance Date Award Type Shares Shares at Date (ZAR)
Awarded Grant (ZAR)
1 September 2025 15 September 2025 Deferred Award 79,357 186.16 14,773,099.12
3. Absa Group Share Incentive Plan (SIP) – Buyout Award
The number of shares under the Buyout Award (as a result of his appointment as the
Chief Executive Officer of Absa Group and Absa Bank) was fixed with reference to the
20-day volume-weighted average price preceding the employee's start date. The table
below sets out the Buyout Award which was awarded under the Share Incentive Plan and
granted to the executive director. The Buyout Awards will vest in relation to the
scheduled vesting dates in the table below. Dividend equivalents may be added to the
Buyout Award at the vesting of an Award in terms of the Share Incentive Plan Rules and
will be paid to the extent that the shares vest.
Number Price of
of Shares at Value at Award
Grant Date Acceptance Date Vesting Date Award Type Shares Grant Date (ZAR)
Awarded (ZAR)
1 September 2025 15 September 2025 1 April 2026 Buyout Award 118,837 172.84 20,539,787.08
1 September 2025 15 September 2025 1 September 2026 Buyout Award 80,018 172.84 13,830,311.12
1 September 2025 15 September 2025 1 April 2027 Buyout Award 124,280 172.84 21,480,555.20
1 September 2025 15 September 2025 1 September 2027 Buyout Award 41,137 172.84 7,110,119.08
Total 364,272 62,960,772.48
Clearance to deal has been obtained for the above-mentioned transactions. All
transactions were executed off-market and with direct beneficial ownership.
Johannesburg
16 September 2025
Enquiries:
Nadine Drutman – Group Company Secretary
E-mail: nadine.drutman@absa.africa
Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Joint Sponsor:
Absa Bank Limited (Corporate & Investment Bank)
Date: 16-09-2025 04:43:00
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