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STANDARD BANK GROUP LIMITED - Directors and Officers Dealings in Securities

Release Date: 30/03/2016 16:00
Code(s): SBK     PDF:  
Wrap Text
Directors’ and Officers’ 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 AND OFFICERS’ 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:           2016-03-24

     Nature of Transaction:         Automatic delivery and disposal of 17 416
                                    Standard Bank Group ordinary shares to settle
                                    employees’ tax on vesting of rights granted in
                                    terms of the Standard Bank Equity Growth Scheme
                                    at an average price of R127.49 per share.

     Value of Transaction:          R2 220 365.84

     Nature of Interest:            Direct beneficial


Director:                           Mr. S P Ridley

Name of company:                    Standard Bank Group Limited

2.   Date of Transaction:           2016-03-24

     Nature of Transaction:         Automatic delivery and disposal of 12 288
                                    Standard Bank Group ordinary shares to settle
                                    employees’ tax on vesting of rights granted in
                                    terms of the Standard Bank Equity Growth Scheme
                                    at an average price of R127.49 per share.

     Value of Transaction:          R1 566 597.12

     Nature of Interest:            Direct beneficial


Director:                           Mr. S K Tshabalala

Name of company:                    Standard Bank Group Limited

3.   Date of Transaction:           2016-03-24

     Nature of Transaction:         Automatic delivery and disposal of 20 804
                                    Standard Bank Group ordinary shares to settle
                                    employees’ tax on vesting of rights granted in
                                    terms of the Standard Bank Equity Growth Scheme
                                    at an average price of R127.49 per share.

     Value of Transaction:          R2 652 301.96

     Nature of Interest:            Direct beneficial


Group Secretary:                    Ms. Z Stephen

Name of company:                    Standard Bank Group Limited

4.   Date of Transaction:           2016-03-24

     Nature of Transaction:         Automatic delivery of 4 240 Standard Bank Group
                                    ordinary shares to settle the vesting of units
                                    granted in terms of The Standard Bank Deferred
                                    Bonus Scheme 2012 at a price of R115.00 per
                                    share.

     Value of Transaction:          R487 600.00

     Nature of Interest:            Direct beneficial


5.   Date of Transaction:           2016-03-24

     Nature of Transaction:         Automatic disposal of 1 583 Standard Bank Group
                                    ordinary shares to settle employees’ tax on
                                    vesting of units granted in terms of The
                                    Standard Bank Deferred Bonus Scheme 2012 at an
                                    average price of R126.32 per share.

     Value of Transaction:          R199 964.56

     Nature of Interest:            Direct beneficial

Volume weighted average price for ordinary shares on 2016-03-24         R126.04
High for the day on 2016-03-24                                          R129.69
Low for the day on 2016-03-24                                           R125.14

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

30 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: 30/03/2016 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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