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United Kingdom

FirstRand Ltd (FSRJ.J)

FSRJ.J on Johannesburg Stock Exchange

6,419.00ZAc
2:49pm GMT
Change (% chg)

-151.00 (-2.30%)
Prev Close
6,570.00
Open
6,549.00
Day's High
6,549.00
Day's Low
6,398.00
Volume
7,100,484
Avg. Vol
12,168,921
52-wk High
7,725.00
52-wk Low
5,410.00

Latest Key Developments (Source: Significant Developments)

Firstrand HY IFRS EPS To Rise 18 Pct Due To Discovery Card Deal
12:00pm GMT 

Dec 14 (Reuters) - FirstRand Ltd ::HY IFRS EARNINGS AND EPS WILL SHOW INCREASE OF ABOUT 18% (TO APPROXIMATELY R15 049 MILLION AND BY 41.0 CENTS PER SHARE).PROFIT OF ABOUT R2.3 BILLION FROM DISCOVERY CARD DEAL WILL BE INCLUDED IN EARNINGS FOR SIX-MONTH PERIOD TO DEC 31.PROFIT FROM DISCOVERY CARD DEAL WILL BE EXCLUDED FROM CO'S HEADLINE EARNINGS.  Full Article

PIRC Recommends Shareholders Vote Against Re-Election Of Ferguson Chairman
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - Restaurant Group PLC ::PIRC- RECOMMENDS SHAREHOLDERS VOTE AGAINST PROPOSED ACQUISITION OF WAGAMAMA BY RESTAURANT GROUP.PIRC- RECOMMENDS SHAREHOLDERS VOTE AGAINST REMUNERATION REPORT AND POLICY OF FERGUSON PLC.PIRC - RECOMMENDS SHAREHOLDERS VOTE AGAINST RESTAURANT GROUP PLC'S PLANS TO ISSUE SHARES IN CONNECTION WITH A RIGHTS ISSUE.PIRC- RECOMMENDS SHAREHOLDERS VOTE AGAINST RE-ELECTION OF FERGUSON CHAIRMAN GARETH DAVIS.PIRC - RECOMMENDS SHAREHOLDERS VOTE AGAINST APPROVAL OF FIRSTRAND'S REMUNERATION POLICY AND REMUNERATION REPORT AT MEETING.  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

Aldermore says in talks with South Africa's FirstRand over 313p/shr offer
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Aldermore Group Plc ::ALDERMORE GROUP PLC - STMNT RE SHARE PRICE MOVEMENT.‍RECENTLY RECEIVED AN INDICATIVE PROPOSAL FROM FIRSTRAND LIMITED REGARDING A POSSIBLE OFFER​.ALDERMORE GROUP - ‍ALDERMORE AND FIRSTRAND ARE IN PRELIMINARY DISCUSSIONS ABOUT DETAILS OF POSSIBLE OFFER, WHICH IS SUBJECT TO A NUMBER OF STANDARD CONDITIONS​.ALDERMORE - ‍OFFER FOR ENTIRE ISSUED OF CO AND TO BE ISSUED ORDINARY SHARE CAPITAL OF ALDERMORE OF 313 PENCE PER ORDINARY SHARE IN CASH​.‍BOARD OF ALDERMORE HAS INDICATED TO FIRSTRAND THAT IT IS LIKELY TO RECOMMEND FIRM OFFER AT THIS LEVEL​.‍THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE OR AS TO TERMS ON WHICH ANY OFFER MIGHT BE MADE​.  Full Article

South Africa's Absa bank aims to lift lagging return on equity by 2021

JOHANNESBURG, Dec 7 South African lender Absa Group set out new targets to raise its return on equity (RoE) by around 4 percent by 2021, from levels currently among the lowest of South Africa's big four banks.