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STANDARD BANK GROUP LIMITED - Director's dealings in Securities

Release Date: 28/04/2016 15:14
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. SP Ridley

Name of company:              Standard Bank Group Limited

1.   Date of Transaction:     2016-04-22

     Nature of Transaction:   Exercise of 30 000 Participation Rights
                              awarded in the Standard Bank Equity
                              Growth Scheme on 2007-03-08, which
                              after subtracting employees’ tax
                              resulted in a delivery of 6 492
                              Standard Bank Group ordinary shares:

                              Award Price = R98.00
                              Exercise Price = R131.88
                              Gain = R33.88 per right.

     Value of transaction:    R1 016 400

     Nature of Interest:      Direct beneficial


2.   Date of Transaction:     2016-04-22

     Nature of Transaction:   Resulting from the transaction
                              disclosed in paragraph 1 above, Mr.
                              Ridley has sold 6 492 ordinary Shares
                              at a price of R130.10 per share.

     Value of Transaction:    R844 609.20

     Nature of Interest:      Direct beneficial


3.   Date of Transaction:     2016-04-22
     Nature of Transaction:   Exercise of 30 000 Participation Rights
                              awarded in the Standard Bank Equity
                              Growth Scheme on 2009-03-06, which
                              after subtracting employees’ tax
                              resulted in a delivery of 10 248
                              Standard Bank Group ordinary shares:

                              Award Price = R62.39
                              Exercise Price = R131.88
                              Gain = R69.49 per right.

     Value of transaction:    R2 084 700

     Nature of Interest:      Direct beneficial


4.   Date of Transaction:     2016-04-22

     Nature of Transaction:   Resulting from the transaction
                              disclosed in paragraph 3 above, Mr.
                              Ridley has sold 10 248 ordinary Shares
                              at a price of R130.10 per share.

     Value of Transaction:    R1 333 264.80

     Nature of Interest:      Direct beneficial

5.   Date of Transaction:     2016-04-25

     Nature of Transaction:   Purchase of 4 639 Standard Bank Group
                              preference shares at an average price
                              of R83.93 per share.

     Value of Transaction:    R389 351.27

     Nature of Interest:      Direct beneficial


6.   Date of Transaction:     2016-04-26

     Nature of Transaction:   Purchase of 3 591 Standard Bank Group
                              preference shares at a price of R84.00
                              per share.

     Value of Transaction:    R301 644.00
   Nature of Interest:        Direct beneficial

Volume weighted average price of SBPP on 2016-04-25      R83.61
High for the day on 2016-04-25                           R84.00
Low for the day on 2016-04-25                            R83.05


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

28 April 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: 28/04/2016 03:14:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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