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STANDARD BANK GROUP LIMITED - Director's dealings in securities

Release Date: 07/03/2016 09:20
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 K Tshabalala

Name of company:                    Standard Bank Group Limited

1.   Date of Transaction:           2016-03-03

Nature of Transaction:              Exercise of 45 000 Participation Rights awarded
                                    in the Standard Bank Equity Growth Scheme on
                                    2006-03-10, which after subtracting employees’
                                    tax resulted in a delivery of 10 866 Standard
                                    Bank Group ordinary shares:

                                    Award Price = R79.50
                                    Exercise Price = R115.00
                                    Gain = R35.50 per right.

     Value of transaction:          R1 597 500

     Nature of Interest:            Direct beneficial


2.   Date of Transaction:           2016-03-03

     Nature of Transaction:         Resulting from the transaction disclosed in
                                    paragraph 1 above, Mr. Tshabalala has taken
                                    delivery of the 10 866 ordinary shares at a
                                    price of R115.00 per share.

     Value of Transaction:          R1 249 590.00

     Nature of Interest:            Direct beneficial



The above transaction was done off market and clearance to deal was provided.

Johannesburg
7 March 2016

Lead sponsor
The Standard Bank of South Africa Limited

Independent sponsor
Deutsche Securities (SA) Proprietary Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited

Date: 07/03/2016 09:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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