Edition:
United States

FirstRand Ltd (FSRJ.J)

FSRJ.J on Johannesburg Stock Exchange

6,847.00ZAc
20 Apr 2018
Change (% chg)

-6.00 (-0.09%)
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Latest Key Developments (Source: Significant Developments)

Aldermore Says Listing Of Its Shares On LSE Will Be Cancelled On March 15
Monday, 12 Mar 2018 08:01am EDT 

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 01:16am EST 

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 01:15pm EST 

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 03:15am EST 

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 01:30am EST 

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 07:15am EST 

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 02:00am EST 

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 01:05am EDT 

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 08:05am EDT 

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 07:18am EDT 

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

BRIEF-Firstrand Says Thomas Winterboer Appointed As Independent Non- Executive Director

* FIRSTRAND LTD - THOMAS WINTERBOER HAS BEEN APPOINTED AS AN INDEPENDENT NON- EXECUTIVE DIRECTOR OF FIRSTRAND LIMITED AND FIRSTRAND BANK LIMITED