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STANDARD BANK GROUP LIMITED - Dealing in Securities by a Director

Release Date: 16/02/2015 16:00
Code(s): SBK     PDF:  
Wrap Text
Dealing in Securities by a Director

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

Dealings in securities by a director


Director:                     Mr. SK Tshabalala

Name of company:              Standard Bank Group Limited

1.   Date of Transactions:    2014-11-03 to 2015-02-12

     Nature of Transaction:   Disposal of 279 525 Standard Bank Group
                              ordinary shares in order to settle
                              employees' tax and associated funding and
                              transaction costs arising on the lifting
                              of the final restrictions imposed in terms
                              of the Standard Bank Group black economic
                              empowerment initiative (“Tutuwa”), by
                              means of participation in a volume
                              weighted average price bulk sale
                              transaction, at an average price of
                              R143.20 per share.

                              The sales in question were executed under
                              a transaction made available to all the
                              beneficiaries of the Tutuwa Managers’
                              Trusts, in which Mr Tshabalala elected to
                              participate prior to 2014-10-31 and in
                              terms of which, once such election was
                              made, Mr Tshabalala had no discretion as
                              to price or volumes of shares sold. The
                              shares were sold on the open market.

     Value of Transactions:   R40 027 980.00

     Nature of Interest:      Indirect beneficial

     Pre-approval obtained    Yes



Director:                     Adv. KD Moroka


Name of company:              Standard Bank Group Limited

1.   Date of Transactions:    2014-11-03 to 2015-02-12

     Nature of Transaction:   Disposal of 44 476 Standard Bank Group
                              ordinary shares in order to settle
                              employees' tax and associated funding and
                              transaction costs arising on the lifting
                              of the final restrictions imposed in terms
                              of the Standard Bank Group black economic
                              empowerment initiative (“Tutuwa”), by
                              means of participation in a volume
                              weighted average price bulk sale
                              transaction, at an average price of
                              R143.20 per share.

                              The sales in question were executed under
                              a transaction made available to all the
                              beneficiaries of the Tutuwa Managers’
                              Trusts, in which Adv. Moroka elected to
                              participate prior to 2014-10-31 and in
                              terms of which, once such election was
                              made, Adv. Moroka had no discretion as to
                              price or volumes of shares sold. The
                              shares were sold on the open market.

    Value of Transactions:    R6 368 963.20

    Nature of Interest:       Indirect beneficial

    Pre-approval obtained     Yes




Johannesburg

16 February 2015


Investment Bank and Sponsor
Standard Bank


Independent sponsor
Deutsche Securities (SA) (Pty) Ltd

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