Edition:
United States

FirstRand Ltd (FSRJ.J)

FSRJ.J on Johannesburg Stock Exchange

5,601.00ZAc
15 Dec 2017
Change (% chg)

-97.00 (-1.70%)
Prev Close
5,698.00
Open
5,650.00
Day's High
5,650.00
Day's Low
5,568.00
Volume
22,497,763
Avg. Vol
11,488,625
52-wk High
5,900.00
52-wk Low
4,325.00

Latest Key Developments (Source: Significant Developments)

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

RMB says completes internal group restructure
Wednesday, 14 Jun 2017 09:05am EDT 

June 14 (Reuters) - RMB Holdings Ltd::Completed internal group restructure in terms of which, inter alia, an asset holding entity and treasury entity have been created within group.  Full Article

Firstrand says HY headline EPS 211.5 cents vs. 185.4 cents
Thursday, 9 Mar 2017 01:25am EST 

Firstrand Ltd - : HY basic headline earnings per share 211.5 cents versus 185.4 cents . Group is exploring strategic options to protect its counterparty status . Expects economic growth to pick up slightly in 2017, although unlikely to provide significant support to topline growth for some time . Group aims to deliver real growth in earnings and an ROE of between 18-22 pct .Declared a gross cash dividend totalling 119 cents per ordinary share out of income reserves for six months ended Dec. 31 2016.  Full Article

S. Africa Competition Tribunal approves Firstrand acquisition of MMI's property letting enterprise
Wednesday, 15 Jun 2016 09:34am EDT 

S. Africa's Competition Tribunal : Approved without conditions merger that will see Firstrand Bank acquire property letting enterprise from MMI Group (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

S. Africa's Competition Tribunal approves Firstrand Life-MMI Group deal
Wednesday, 18 May 2016 08:57am EDT 

Competition Tribunal : Approved without conditions Firstrand Life deal to acquire part of long-term insurance policy book of MMI Group . Approved without conditions merger whereby Petra Diamonds unit, Ekapa Minerals and Super Stone Mining formed JV (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

BRIEF-Aldermore Group Says Shareholders Vote Approve FirstRand Deal

* ALDERMORE GROUP SAYS THAT AT COURT MEETING, GENERAL MEETING OF SHAREHOLDERS HELD IN CONNECTION WITH RECOMMENDED ACQUISITION BY FIRSTRAND, ALL RESOLUTIONS WERE DULY PASSED​