Barclays PLC Places 63 Million Shares in Absa Group at $10.91
April 21 2022 - 3:01AM
Dow Jones News
By Ian Walker
Barclays PLC said Thursday that it has sold 63 million ordinary
shares of Absa Group Ltd. at 164.0 South African rand ($10.91) a
share, as first announced late Wednesday.
The U.K. Bank said the sale will increase its CET1 ratio--a key
metric for banks--by 10 basis points at Dec. 31, 2021 and result in
a loss of 43 million pounds ($56.2 million) through its income
statement.
Following the sale, Barclays will own 63 million shares in Absa,
or 7.4% of its issued share capital.
The bank said late Wednesday that it was selling the shares via
a bookbuild program. The sale price is a 7.3% discount to Absa's
closing price of ZAR177.0 on the Johannesburg Stock Exchange on
Wednesday.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
April 21, 2022 02:46 ET (06:46 GMT)
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