Edition:
United Kingdom

FirstRand Ltd (FSRJ.J)

FSRJ.J on Johannesburg Stock Exchange

6,826.00ZAc
18 Apr 2019
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80.00 (+1.19%)
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Latest Key Developments (Source: Significant Developments)

Firstrand Reports FY HEPS Of 472.7 Cents
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - FirstRand Ltd ::FY HEADLINE EARNINGS PER SHARE 472.7 CENTS.OUTLOOK FOR SOUTH AFRICA REMAINS MORE POSITIVE THAN IT HAS BEEN FOR SOME TIME.FY IFRS EARNINGS PER SHARE 473.3 CENTS.FY NORMALISED EARNINGS PER SHARE 470.8 CENTS.IN UK, UNCERTAINTY OVER OUTCOME OF BREXIT CONTINUES TO DOMINATE MACROECONOMIC OUTLOOK AND WEIGH ON BUSINESS AND CONSUMER CONFIDENCE.EXPECTS TO CONTINUE TO DELIVER REAL GROWTH IN EARNINGS AND SUPERIOR RETURNS TO SHAREHOLDERS.IN MEDIUM TO LONGER TERM, CO CONSIDERS ITSELF STRATEGICALLY WELL POSITIONED TO BENEFIT FROM RENEWED SYSTEM GROWTH.SUBSEQUENT TO YEAR END, GROUP CONCLUDED A TRANSACTION WITH DISCOVERY.CONSIDERATION OF DISCOVERY TRANSACTION IS R1.8 BILLION.DEAL WITH DISCOVERY FOR ULTIMATE TRANSFER, DISPOSAL OF ITS REMAINING EFFECTIVE 25.01 PCT INTEREST IN DISCOVERY CARD, DISCOVERY BANK.  Full Article

Aldermore Says Listing Of Its Shares On LSE Will Be Cancelled On March 15
Monday, 12 Mar 2018 

March 12 (Reuters) - Aldermore Group Plc ::ALDERMORE GROUP PLC - TRADING IN ALDERMORE SHARES ON LONDON STOCK EXCHANGE WILL BE SUSPENDED WITH EFFECT FROM 7:30 A.M. ON 14 MARCH 2018.ALDERMORE GROUP PLC - LISTING OF ALDERMORE SHARES ON LSE WILL BE CANCELLED WITH EFFECT FROM 8:00 A.M. ON 15 MARCH 2018.ALDERMORE GROUP PLC - ‍COURT HAS SANCTIONED SCHEME BY WHICH RECOMMENDED CASH OFFER FOR ALDERMORE BY FIRSTRAND INTERNATIONAL LIMITED IS BEING IMPLEMENTED​.  Full Article

FirstRand Posts HY HEPS Of ‍224.2​ Cents
Tuesday, 6 Mar 2018 

March 6 (Reuters) - Firstrand Ltd ::HY BASIC HEADLINE EARNINGS PER SHARE ‍224.2​ CENTS VERSUS. 211.5 CENTS AS REPORTED YEAR AGO.HY ROE ‍22.5​ PERCENT VERSUS 22.9 PERCENT AS REPORTED YEAR AGO.HY NORMALISED EARNINGS ‍12,461​ MILLION RAND VERSUS 11,646 MILLION RAND AS REPORTED YEAR-AGO.‍DIRECTORS DECLARED GROSS CASH DIVIDEND TOTALLING 130 CENTS PER ORDINARY SHARE OUT OF INCOME RESERVES FOR SIX MONTHS ENDED 31 DEC 2017​.COMFORTABLE TO PAY DIVIDEND HIGHER THAN EARNINGS GROWTH WITH 1.7X COVER WHICH REMAINS BELOW STATED LONG-TERM COVER RANGE OF 1.8X TO 2.2X​.  Full Article

Firstrand Ltd Says South African Registrar Of Banks Approved Acquisition of Aldermore by FirstRand Offeror
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Firstrand Ltd ::REGULATORY APPROVAL.‍SARB APPROVED ACQUISITION OF ALDERMORE BY FIRSTRAND OFFEROR, A WHOLLY-OWNED SUBSIDIARY OF FIRSTRAND LIMITED​.‍ALL REQUIRED REGULATORY APPROVALS HAVE NOW BEEN RECEIVED FOR ACQUISITION OF ALDERMORE BY FIRSTRAND OFFEROR​.  Full Article

Firstrand Ltd Says ‍Johan Burger Will Retire As Group And Bank CEO
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Firstrand Ltd ::JOHAN BURGER WILL RETIRE AS GROUP AND BANK CEO, EFFECTIVE 31 MARCH 2018​.‍ALAN PULLINGER, CURRENTLY GROUP DEPUTY CEO, IS APPOINTED GROUP AND BANK CEO, EFFECTIVE 1 APRIL 2018​.‍MARY VILAKAZI, PREVIOUSLY DEPUTY CEO OF MMI HOLDINGS LIMITED (MMI), IS APPOINTED GROUP AND BANK COO AND EXECUTIVE DIRECTOR, EFFECTIVE 1 JULY ​.‍BURGER WILL TRANSITION TO A NON-EXECUTIVE DIRECTOR ON 1 SEPTEMBER 2018​.  Full Article

Firstrand says Lauritz Lanser Dippenaar will retire as board chairman
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - FIRSTRAND LTD ::LAURITZ LANSER DIPPENAAR WILL RETIRE AS BOARD CHAIRMAN AND NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 31 MARCH 2018‍​.WILLIAM RODGER (ROGER) JARDINE WILL BE APPOINTED INDEPENDENT NON- EXECUTIVE CHAIRMAN OF THE BOARD WITH EFFECT FROM 1 APRIL 2018.  Full Article

FirstRand ‍updates on impact of proposed acquisition of Aldermore on FirstRand Bank
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - FirstRand Ltd :‍IMPACT OF FIRSTRAND GROUP'S PROPOSED ACQUISITION OF ALDERMORE ON FIRSTRAND BANK LIMITED​.‍GOODWILL ARISING FROM ALDERMORE DEAL TO RESULT IN IMPAIRMENT AGAINST FIRSTRAND CAPITAL FOR PURPOSES OF DETERMINING CAPITAL ADEQUACY​.TO BACK GOODWILL ARISING FROM ALDERMORE DEAL WITH CET1 CAPITAL, PART OF WHICH WILL BE PROVIDED FROM BANK'S EXCESS REGULATORY CET1 CAPITAL​.RELATED TO ALDERMORE DEAL, ‍IF SCHEME BECOMES EFFECTIVE, SEES IMPACT ON FIRSTRAND BANK'S CET1 RATIO TO BE DELINE OF BETWEEN ABOUT 90-130 BASIS POINTS.  Full Article

Firstrand Ltd announces recommended cash offer for Aldermore Group Plc
Monday, 6 Nov 2017 

Nov 6 (Reuters) - FIRSTRAND LTD ::FIRSTRAND, ALDERMORE REACHED AGREEMENT ON RECOMMENDED CASH OFFER TO BE MADE BY FIRSTRAND OFFEROR FOR ALDERMORE​.‍OFFER VALUES ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF ALDERMORE AT APPROXIMATELY £1.1 BILLION​.‍CONSIDERATION PAYABLE UNDER OFFER WILL BE FUNDED FROM FIRSTRAND GROUP'S EXISTING CASH RESOURCES​.‍ALDERMORE DIRECTORS CONSIDER TERMS OF OFFER TO BE FAIR AND REASONABLE​.‍UNDER TERMS OF OFFER, ALDERMORE SHAREHOLDERS SHALL BE ENTITLED TO RECEIVE FOR EACH ORDINARY SHARE 313 PENCE IN CASH​.  Full Article

Firstrand to not waive due diligence completion condition on Aldermore deal
Monday, 16 Oct 2017 

Oct 16 (Reuters) - FIRSTRAND LTD::CONFIRMS IT WILL NOT WAIVE CONDITION ON COMPLETION OF DUE DILIGENCE, BUT CAN ELECT TO WAIVE CONDITION ON UNANIMOUS BOARD RECOMMENDATION​.  Full Article

FirstRand ‍confirms it approached Aldermore on possible offer​
Friday, 13 Oct 2017 

Oct 13 (Reuters) - FirstRand Ltd :‍CONFIRMS THAT IT HAS MADE AN APPROACH TO ACQUIRE ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF ALDERMORE​.‍THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE.‍FIRSTRAND IS REQUIRED BY 10 NOVEMBER EITHER TO ANNOUNCE A FIRM INTENTION TO MAKE AN OFFER FOR ALDERMORE​ OR SAY IT DOES NOT INTED TO MAKE AN OFFER​.  Full Article

Absa sees Nigeria expansion plan ready for second half

JOHANNESBURG, April 10 South African lender Absa is aiming to make a start on its investment bank-focused expansion into Nigeria in the second half of this year, chief executive of the division, Charles Russon, told Reuters.