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STANDARD BANK GROUP LIMITED - Directors dealings in securities

Release Date: 13/03/2013 14:00
Code(s): SBK     PDF:  
Wrap Text
Director’s dealings in securities

STANDARD BANK GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number 1969/017128/06
JSE Share code: SBK
Namibian Share Code: SNB
ISIN: ZAE000109815
(“Standard Bank Group”)
DIRECTOR’S DEALINGS IN SECURITIES
In compliance with sections 3.63 to 3.74 of the Listings Requirements of the JSE
Limited, the following information is disclosed:

Director:                           Mr. S P Ridley

Name of company:                    Standard Bank Group Limited

1.   Date of Transaction:           2013-03-12

     Nature of Transaction:         Exercise of 75 000 Participation Rights awarded
                                    in the Standard Bank Group Equity Growth Scheme
                                    on 2006-03-10, which resulted in delivery of
                                    20 358 Standard Bank Group ordinary shares:

                                    Award Price = R79.50
                                    Exercise Price = R119.00
                                    Gain = R39.50 per right. After subtracting
                                    employees tax, this resulted in delivery of 20
                                    358 shares.

     Value of transaction:          R2 962 500 (75 000 x R39.50)

     Nature of Interest:            Direct beneficial

2.   Date of Transaction:           2013-03-12

     Nature of Transaction:         Mr. Ridley has sold 20 358 ordinary Shares at a
                                    price of R118.05 per share

     Value of Transaction:          R2 403 261.90

     Nature of Interest:            Direct beneficial


The above transactions were done on market and clearance to deal was provided.

Johannesburg
13 March 2013

Lead Sponsor
The Standard Bank of South Africa Limited

Independent Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 13/03/2013 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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