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STANDARD BANK GROUP LIMITED - Results of annual general meeting

Release Date: 28/05/2015 17:15
Code(s): SBK     PDF:  
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Results of annual general meeting

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”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that the voting results for the Annual General
Meeting (“AGM”) of the Standard Bank Group held at 09h00 on Thursday, 28
May 2015 were as follows:

Re-                            Number of       % of      For*   Against*   Abstained
solution                     shares voted     shares                           **
                                                          %        %
                                             in issue
Number                                                                         %


1          Ordinary          1,314,303,128   81.12      99.99   0.01       0.182
           Resolution:
           Adopt audited
           annual
           financial
           statements

2.1        Ordinary          1,316,150,094   81.24      99.73   0.27       0.068
           Resolution: Re-
           election of
           Richard Dunne
           as a director

2.2        Ordinary          1,316,153,185   81.24      99.76   0.24       0.068
           Resolution: Re-
           election of
           Thulani
           Gcabashe as a
           director

2.3        Ordinary          1,316,152,885   81.24      99.26   0.74       0.068
           Resolution: Re-
           election of Shu
           Gu as a
           director

2.4        Ordinary          1,316,150,094   81.24      99.76   0.24       0.068
           Resolution: Re-
           election of
           Kgomotso Moroka
           as a director
2.5   Ordinary          1,316,153,185   81.24   99.18   0.82    0.068
      Resolution: Re-
      election of
      Atedo Peterside
      CON as a
      director

3.1   Ordinary          1,316,147,909   81.24   99.91   0.09    0.068
      Resolution: Re-
      appointment of
      KPMG Inc. as
      auditors

3.2   Ordinary          1,316,147,909   81.24   99.90   0.10    0.068
      Resolution: Re-
      appointment of
      Pricewaterhouse
      Coopers Inc as
      auditors

4     Ordinary          1,316,140,655   81.24   76.14   23.86   0.069
      Resolution:
      Place unissued
      ordinary shares
      under control
      of directors

5     Ordinary          1,316,139,894   81.24   93.53   6.47    0.069
      Resolution:
      Place unissued
      preference
      shares under
      control of
      directors

6     Non-binding       1,315,786,516   81.22   98.26   1.74    0.090
      advisory vote
      on remuneration
      policy

7     Special
      Resolution:
      Approve non-
      executive
      directors’ fees

7.1   Chairman          1,316,138,863   81.24   87.03   12.97   0.069

7.2   Director          1,316,138,675   81.24   99.69   0.31    0.069
7.3     International    1,316,138,675   81.24   98.98   1.02   0.069
        Director

7.4     Group
        Directors’
        Affairs
        Committee

7.4.1   Chairman         1,316,137,066   81.24   96.57   3.43   0.069

7.4.2   Member           1,316,137,066   81.24   99.99   0.01   0.069

7.5     Group Risk and                                          0.069
        Capital
        Management
        Committee

7.5.1   Chairman         1,316,039,163   81.23   99.89   0.11   0.069

7.5.2   Member           1,316,134,935   81.24   99.99   0.01   0.069

7.6     Group
        Remuneration
        Committee

7.6.1   Chairman         1,316,139,163   81.24   96.57   3.43   0.069

7.6.2   Member           1,316,138,863   81.24   99.99   0.01   0.069

7.7     Group Social
        and Ethics
        Committee

7.7.1   Chairman         1,316,137,066   81.24   96.60   3.40   0.069

7.7.2   Member           1,316,137,066   81.24   99.99   0.01   0.069

7.8     Group Audit
        Committee

7.8.1   Chairman         1,316,139,163   81.24   99.89   0.11   0.069

7.8.2   Member           1,316,139,163   81.24   99.99   0.01   0.069

7.9     Group IT
        Committee

7.9.1   Chairman         1,316,089,163   81.23   96.57   3.43   0.069

7.9.2   Member           1,316,137,066   81.24   99.99   0.01   0.069

7.10    Ad hoc meeting   1,316,077,190   81.23   99.89   0.11   0.072
        attendance
8         Special           1,315,880,345   81.22   99.87   0.13     0.085
          resolution
          General
          authority to
          acquire the
          company’s
          ordinary shares

9         Special           #               #       99.89   0.11     #
          resolution
          General
          authority to
          acquire the
          company’s non-
          redeemable
          preference
          shares

10        Special           1,316,152,885   81.24   98.03   1.97     0.068
          resolution
          Loans or other
          financial
          assistance to
          related or
          inter-related
          companies


*In relation to the total number of shares voted at the AGM.
**Based on 1 620 125 947 shares (excludes 12 807 677 treasury shares) in
issue at the date of the AGM.
# The holders of the non-redeemable, non-cumulative, non-participating
preference shares (2nd preference shares) were entitled to vote on this
resolution and were entitled to that portion of the total votes in the
company which the aggregate amount of the nominal value of the shares held
by such shareholders bears to the aggregate amount of the nominal value of
the value of the ordinary and 2nd preference shares issued by the company.


Based on the above results, all resolutions were passed by the requisite
majority of ordinary and preference shareholders present in person or
represented by proxy at the AGM.


RETIREMENT OF DIRECTORS

Fred Phaswana and Lord Smith of Kelvin, KT retired from the boards of
Standard Bank Group and The Standard Bank of South Africa Limited
(collectively ‘the boards’) at the conclusion of each company's AGM. The
boards' expressed their appreciation for the contributions that they have
made during their time with the group and wished them well in their future
endeavours.

Johannesburg
28 May 2015


Lead sponsor
The Standard Bank of South Africa Limited

Independent Sponsor
Deutsche Securities (SA) Proprietary Limited

Namibian sponsor
Simonis Storm Securities (Proprietary) Limited

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