To view the PDF file, sign up for a MySharenet subscription.

STANDARD BANK GROUP LIMITED - Results of the capitalisation issue with respect to the election for capitalisation shares instead of a cash dividen

Release Date: 22/04/2013 10:00
Code(s): SBK     PDF:  
Wrap Text
Results of the capitalisation issue with respect to the election for capitalisation shares instead of a cash dividen

Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
JSE share code: SBK
NSX share code: SNB
ISIN: ZAE000109815
("Standard Bank Group" or "the Company")


RESULTS OF THE CAPITALISATION ISSUE WITH RESPECT TO THE ELECTION
FOR CAPITALISATION SHARES INSTEAD OF A CASH DIVIDEND


Standard Bank Group ordinary shareholders (“Shareholders”) are referred to the
announcement released on the Stock Exchange News Service of the JSE
Limited on Friday, 5 April 2013 and published in the press on Monday, 8 April 2013,
regarding the capitalisation issue ratio with respect to the election to receive
capitalisation shares (“Capitalisation Shares”) in terms of a capitalisation issue (“the
Capitalisation Issue”) instead of a cash dividend (“the Cash Dividend”).

As set out in that announcement, the number of Capitalisation Shares to which
Shareholders participating in the Capitalisation Issue would become entitled was
determined in the ratio of 2.04838 new Standard Bank Group ordinary shares (“Ordinary
Shares”) for every 100 Ordinary Shares held. Where a Shareholder`s entitlement to
Capitalisation Shares calculated in accordance with the above ratio gave rise to a
fraction of a new Ordinary Share, such fraction of a new Ordinary Share was rounded
up to the nearest whole number where the fraction was greater than or equal to 0,5 and
rounded down to the nearest whole number where the fraction was less than 0,5.

10,281,204 new Ordinary Shares were issued today to Shareholders who elected to
receive Capitalisation Shares in terms of the Capitalisation Issue, resulting in a
capitalisation out of the share premium of the Company of R1,028,120.40. This
represents a rate of election to receive Capitalisation Shares of 31.2% of the total
shares in issue recorded in the register of the Company at the close of business on
Friday, 19 April 2013 (“the Record Date”). Shareholders recorded in the register of the
Company on the Record Date holding 1,106,262,099 Ordinary Shares were paid the
gross Cash Dividend of 243 cents per Ordinary Share, from which applicable taxes
were withheld. The total gross Cash Dividend of R2,688,216,900.57 was paid out of the
profits of the Company.

Share certificates and dividend cheques, where applicable, were dispatched to
certificated Shareholders at their own risk, and the Central Securities Depository
Participant/broker accounts of dematerialised Shareholders were credited, today.


Johannesburg
22 April 2013

Lead Sponsor
The Standard Bank of South Africa Limited

Joint sponsor
Deutsche Securities (SA) Proprietary Limited

Sponsor in Namibia
Simonis Storm Securities (Proprietary) Limited, member of the Namibian Stock
Exchange

Date: 22/04/2013 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story