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STANDARD BANK GROUP LIMITED - Directors' dealings in securities

Release Date: 06/10/2014 16:45
Code(s): SBK     PDF:  
Wrap Text
Directors' 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”)
DIRECTORS’ 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. B J Kruger

Name of company:                    Standard Bank Group Limited

1.   Date of Transaction:           2014-10-02

     Nature of Transaction:         Automatic delivery of 44 599 Standard Bank
                                    Group ordinary shares to settle the vesting of
                                    units granted in terms of The Standard Bank
                                    Group Deferred Bonus Scheme 2012 at a price of
                                    R131.23 per share.

     Value of Transaction:          R5 852 726.77

     Nature of Interest:            Direct beneficial


2.   Date of Transaction:           2014-10-02

     Nature of Transaction:         Exercise of 300 000 Participation Rights
                                    awarded in the Standard Bank Group Equity
                                    Growth Scheme on 2006-03-10, which resulted in
                                    delivery of 93 056 Standard Bank Group ordinary
                                    shares:

                                    Award Price = R79.50
                                    Exercise Price = R130.35
                                    Gain = R50.85 per right. After subtracting
                                    employees tax, this resulted in delivery of 93
                                    056 shares.

     Value of transaction:          R15 255 000 (300 000 x R50.85)

     Nature of Interest:            Direct beneficial

3.   Date of Transaction:           2014-10-02

     Nature of Transaction:         Exercise of 150 000 Participation Rights
                                    awarded in the Standard Bank Group Equity
                                    Growth Scheme on 2007-03-08, which resulted in
                                    delivery of 29 544 Standard Bank Group ordinary
                                    shares:

                                    Award Price = R98.00
                                    Exercise Price = R130.35
                                    Gain = R32.35 per right. After subtracting
                                    employees tax, this resulted in delivery of 29
                                    544 shares.

     Value of transaction:          R4 852 500 (150 000 x R32.35)

     Nature of Interest:            Direct beneficial


4.   Date of Transaction:           2014-10-02

     Nature of Transaction:         Mr. Kruger has sold 40 203 ordinary Shares at
                                    an average price of R128.97 per share

     Value of Transaction:          R5 184 980.91

     Nature of Interest:            Direct beneficial



Director:                          Mr. S P Ridley

Name of company:                   Standard Bank Group Limited

5.   Date of Transaction:          2014-10-02

     Nature of Transaction:        Automatic delivery of 30 704 Standard Bank
                                   Group ordinary shares to settle the vesting of
                                   units granted in terms of The Standard Bank
                                   Group Deferred Bonus Scheme 2012 at a price of
                                   R131.23 per share.

     Value of Transaction:         R4 029 285.92

     Nature of Interest:           Direct beneficial


6.   Date of Transaction:          2014-10-02

     Nature of Transaction:        Automatic disposal of 12 358 Standard Bank
                                   Group ordinary shares to settle employees tax
                                   on vesting of units granted in terms of The
                                   Standard Bank Group Deferred Bonus Scheme 2012
                                   at an average price of R130.42 per share.

     Value of Transaction:         R1 611 730.36

     Nature of Interest:           Direct beneficial


Group Secretary:                   Ms. Z Stephen

Name of company:                   Standard Bank Group Limited

7.   Date of Transaction:          2014-10-02

     Nature of Transaction:        Automatic delivery of 173 Standard Bank Group
                                   ordinary shares to settle the vesting of units
                                   granted in terms of The Standard Bank Group
                                   Deferred Bonus Scheme 2012 at a price of
                                   R131.23 per share.

     Value of Transaction:          R22 702.79

     Nature of Interest:            Direct beneficial


8.   Date of Transaction:           2014-10-02

     Nature of Transaction:        Automatic disposal of 70 Standard Bank Group
                                   ordinary shares to settle employees tax on
                                   vesting of units granted in terms of The
                                   Standard Bank Group Deferred Bonus Scheme 2012
                                   at an average price of R130.42 per share.

     Value of Transaction:          R9 129.40

     Nature of Interest:            Direct beneficial


Volume weighted average price on 2014-09-30             R130.91
High for the day on 2014-09-30                          R132.88
Low for the day on 2014-09-30                           R130.33

Volume weighted average price on 2014-10-01             R130.92
High for the day on 2014-10-01                          R131.84
Low for the day on 2014-10-01                           R129.69

Volume weighted average price on 2014-10-02             R128.58
High for the day on 2014-10-02                          R130.01
Low for the day on 2014-10-02                           R127.50


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

Johannesburg
6 October 2014

Lead sponsor
The Standard Bank of South Africa Limited

Independent sponsor
Deutsche Securities (SA) Proprietary Limited

Namibian sponsor
Simonis Storm Securities (Proprietary) Limited

Date: 06/10/2014 04:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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