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STANDARD BANK GROUP LIMITED - AMENDMENT - RESULTS OF THE PRIVATE PLACEMENT

Release Date: 08/06/2004 16:15
Code(s): SBK
Wrap Text

STANDARD BANK GROUP LIMITED - AMENDMENT - RESULTS OF THE PRIVATE PLACEMENT IN TERMS OF THE PROPOSED PREFERENCE SHARE ISSUE Standard Bank Group Limited ("Standard Bank Group") (Incorporated in the Republic of South Africa) (Registration number 1969/017128/06) South African Share Code: SBK Namibian Share Code: SNB ISIN: ZAE000038873 Please note that this announcement replaces the announcement released on SENS earlier today - RESULTS OF THE PRIVATE PLACEMENT IN TERMS OF THE PROPOSED PREFERENCE SHARE ISSUE 1. Standard Bank Group is pleased to announce that it has raised R2 billion preference share capital at a rate of 70% of prime through the private placement of non-redeemable, non-cumulative, non-participating preference shares with institutional investors. This is the first stage of a preference share capital raising programme announced recently. 2. Standard Bank Group plans to raise a further R500 million to R1 billion of preference share capital through a public offer at the same rate. Subject to the approval of the JSE Securities Exchange South Africa, full details of this offer will be published in the week commencing Monday, 14 June 2004. Johannesburg 8 June 2004 Lead Sponsor: Deutsche Securities SA (Pty) Ltd Sponsor: Standard Bank Date: 08/06/2004 04:15:04 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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