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Standard Bank Group - Results Of General Meeting

Release Date: 06/12/2004 16:02
Code(s): SBK
Wrap Text

Standard Bank Group - Results Of General Meeting Standard Bank Group Limited (Incorporated in the Republic of South Africa) (Registration number 1969/017128/06) Share code: SBK Namibian share code: SNB ISIN: ZAE000057378 ("Standard Bank Group") RESULTS OF GENERAL MEETING Standard Bank Group ordinary shareholders are referred to the announcement dated 19 November 2004 relating to the participation of black non-executive directors in the introduction of direct black ownership in Standard Bank Group. In terms of Standard Bank Group"s proposal to facilitate the acquisition of an effective 10% interest in its South African banking operations by broad-based black groupings ("the black ownership initiative"), Standard Bank Group proposed that current and future black non-executive directors, other than those who benefit in other aspects of the black ownership initiative, should be offered participation in the initiative. Standard Bank Group ordinary shareholders are advised that at the general meeting held today, Monday, 6 December 2004, the requisite majority of ordinary shareholders passed the resolutions, as set out in the notice of general meeting dated 19 November 2004, approving the participation of the current black non- executive directors in the black ownership initiative. Johannesburg 6 December 2004 Investment bank and joint sponsor Standard Bank Independent lead sponsor Deutsche Securities Attorneys Bowman Gilfillan Date: 06/12/2004 04:02:15 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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