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STANDARD BANK GROUP LIMITED - Directors and Officers Dealings in Securities

Release Date: 07/10/2016 14:00
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. BJ Kruger

Name of company:              Standard Bank Group Limited

1.   Date of Transaction:     2016-10-03

     Nature of Transaction:   Automatic delivery of 25 284 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 R146.08 per
                              share.

     Value of Transaction:    R3 693 486.72

     Nature of Interest:      Direct beneficial


2.   Date of Transaction:     2016-10-03 to 2016-10-04

     Nature of Transaction:   Automatic disposal of 10 554 Standard
                              Bank Group ordinary shares to settle
                              employees’ tax on vesting of units
                              referred to under paragraph 1 above at
                              an average price of R143.48 per share.

     Value of Transaction:    R1 514 287.92

     Nature of Interest:      Direct beneficial


3.   Date of Transaction:     2016-10-05

     Nature of Transaction:   Following the transaction disclosed in
                              paragraph 1 and 2 above, Mr. Kruger
                              sold 14 730 ordinary shares at a price
                              of R144.00 per share.

     Value of Transaction:    R2 121 120.00

     Nature of Interest:      Direct beneficial


4.   Date of Transaction:     2016-10-05

     Nature of Transaction:   Exercise of 50 000 Participation Rights
                              awarded in the Standard Bank Equity
                              Growth Scheme on 2009-03-06:

                              Award Price = R62.39
                              Exercise Price = R145.00
                              Gain = R82.61 per right. After
                              subtracting employees’ tax, this
                              resulted in delivery of 20,059 Standard
                              Bank Group ordinary shares.

     Nature of Interest:      Direct beneficial


5.   Date of Transaction:     2016-10-05

     Nature of Transaction:   Resulting from the transaction
                              disclosed in paragraph 4 above, Mr.
                              Kruger sold the 20,059 ordinary shares
                              at a price of R144.28 per share.

     Value of Transaction:    R2,894,112.52

     Nature of Interest:      Direct beneficial



Director:                     Mr. SK Tshabalala

Name of company:              Standard Bank Group Limited

6.   Date of Transaction:     2016-10-03

     Nature of Transaction:   Automatic delivery of 46 233 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 R146.08 per
                              share.

     Value of Transaction:    R6 753 716.64

     Nature of Interest:      Direct beneficial


7.   Date of Transaction:     2016-10-03 to 2016-10-04

     Nature of Transaction:   Automatic disposal of 19 299 Standard
                              Bank Group ordinary shares to settle
                              employees’ tax on vesting of units
                              referred to under paragraph 6 above at
                              an average price of R143.48 per share.

     Value of Transaction:    R2 769 020.52

     Nature of Interest:      Direct beneficial



8.   Date of Transaction:     2016-10-05

     Nature of Transaction:   Following the transaction disclosed in
                              paragraph 6 and 7 above, Mr. Tshabalala
                              sold 26 934 ordinary shares at a price
                              of R144.00 per share.

     Value of Transaction:    R3 878 496.00

     Nature of Interest:      Direct beneficial


9.   Date of Transaction:     2016-10-05

     Nature of Transaction:   Exercise of 50 000 Participation Rights
                              awarded in the Standard Bank Equity
                              Growth Scheme on 2007-03-07:

                              Award Price = R98.00
                              Exercise Price = R145.00
                              Gain = R47.00 per right. After
                              subtracting employees’ tax, this
                              resulted in delivery of 14,364 Standard
                              Bank Group ordinary shares.

      Nature of Interest:     Direct beneficial


10.   Date of Transaction:     2016-10-05

      Nature of Transaction:   Resulting from the transaction
                               disclosed in paragraph 9 above, Mr.
                               Tshabalala sold the 14,364 ordinary
                               shares at a price of R144.28 per share.

      Value of Transaction:    R2,072,437.92

      Nature of Interest:      Direct beneficial


Director:                      Dr. A Daehnke

Name of company:               Standard Bank Group Limited

11.   Date of Transaction:     2016-10-03

      Nature of Transaction:   Automatic delivery of 29 350 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 R146.08 per
                               share.

      Value of Transaction:    R4 287 448.00

      Nature of Interest:      Direct beneficial


12.   Date of Transaction:     2016-10-03 to 2016-10-04

      Nature of Transaction:   Automatic disposal of 12 252 Standard
                               Bank Group ordinary shares to settle
                               employees’ tax on vesting of units
                               referred to under paragraph 11 above at
                               an average price of R143.48 per share.

      Value of Transaction:    R1 757 916.96

      Nature of Interest:      Direct beneficial

Associate of Director:         Ms. S Brugman

Relationship to Director:      Dr. A Daehnke (spouse)

Name of company:               Standard Bank Group Limited

13.   Date of Transaction:     2016-10-03

      Nature of Transaction:    Automatic delivery of 40 669 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 R146.08 per
                                share.

      Value of Transaction:      R5 940 927.52

      Nature of Interest:        Direct beneficial


14.    Date of Transaction:      2016-10-03 to 2016-10-04

      Nature of Transaction:    Automatic disposal of 16 977 Standard
                                Bank Group ordinary shares to settle
                                employees’ tax on vesting of units
                                referred to in paragraph 13 above an
                                average price of R143.48 per share.

      Value of Transaction:      R2 435 859.96

      Nature of Interest:        Direct beneficial


Group Secretary:                 Ms. Z Stephen

Name of company:                 Standard Bank Group Limited

15.   Date of Transaction:      2016-10-03

      Nature of Transaction:   Automatic delivery of 4 324 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 R146.08 per
                               share.

      Value of Transaction:    R631 649.92
      Nature of Interest:      Direct beneficial


16. Date of Transaction:      2016-10-03 to 2016-10-04

    Nature of Transaction:    Automatic disposal of 1 806 Standard
                              Bank Group ordinary shares to settle
                              employees’ tax on vesting of units
                              referred to in paragraph 15 above at an
                              average price of R143.48 per share.

    Value of Transaction:     R259 124.88

    Nature of Interest:       Direct beneficial


Volume weighted average price on 2016-10-03          R142.57
High for the day on 2016-10-03                       R143.86
Low for the day on 2016-10-03                        R140.69

Volume weighted average price on 2016-10-04          R144.09
High for the day on 2016-10-04                       R145.62
Low for the day on 2016-10-04                        R141.59


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

Lead sponsor
The Standard Bank of South Africa Limited

Independent sponsor
Deutsche Securities (SA) Proprietary Limited

Namibian sponsor
Simonis Storm Securities (Proprietary) Limited

07 October 2016

Date: 07/10/2016 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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