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STANDARD BANK GROUP LIMITED - Directors' dealing announcement

Release Date: 05/10/2017 17:00
Code(s): SBK     PDF:  
Wrap Text
Directors' dealing announcement

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:           2017-10-02

     Nature of Transaction:         Automatic vesting and exercise of 42 878 units
                                    in the Standard Bank Deferred Bonus Scheme
                                    2012. After subtracting tax, this resulted in
                                    the delivery of 23 584 Standard Bank Group
                                    ordinary shares.
     Number of shares:              23 584
     Class of securities:           Standard Bank Group ordinary shares
     Share Price:                   R157.81
     Value of Transaction:          R3 721 791.04
     Nature of Interest:            Direct beneficial



2.   Date of Transaction:           2017-10-03

     Nature of Transaction:         Exercise of 100 000 Participation Rights
                                    awarded in the Standard Bank Equity Growth
                                    Scheme on 2010-03-05:

                                    Award Price = R111.94
                                    Exercise Price = R157.90
                                    Gain = R45.96 per right. After subtracting
                                    tax, this resulted in delivery of 20,410
                                    Standard Bank Group ordinary shares.

     Nature of Interest:            Direct beneficial



3.   Date of Transaction:           2017-10-03

     Nature of Transaction:         Exercise of 25 000 Participation Rights awarded
                                    in the Standard Bank Equity Growth Scheme on
                                    2011-03-04:
                              Award Price = R98.80
                              Exercise Price = R157.90
                              Gain = R59.10 per right. After subtracting
                              tax, this resulted in delivery of 5,175
                              Standard Bank Group ordinary shares.

     Nature of Interest:      Direct beneficial



4.   Date of Transaction:     2017-10-03

     Nature of Transaction:   Exercise of 61 471 Participation Rights awarded
                              in the Standard Bank Equity Growth Scheme on
                              2012-03-08:

                              Award Price = R108.90
                              Exercise Price = R157.90
                              Gain = R49.00 per right. After subtracting
                              tax, this resulted in delivery of 12,403
                              Standard Bank Group ordinary shares.

     Nature of Interest:      Direct beneficial



5.   Date of Transaction:     2017-10-03

     Nature of Transaction:   Exercise of 37 729 Participation Rights awarded
                              in the Standard Bank Equity Growth Scheme on
                              2013-03-07:

                              Award Price = R115.51
                              Exercise Price = R157.90
                              Gain = R42.39 per right. After subtracting
                              tax, this resulted in delivery of 7,500
                              Standard Bank Group ordinary shares.

     Nature of Interest:      Direct beneficial



6.   Date of Transaction:     2017-10-03

     Nature of Transaction:   Resulting from the transactions disclosed in
                              paragraphs 2 - 5 above, Mr. Kruger sold the
                              45,488 ordinary Shares at a price of R158.19
                              per share.

     Value of Transaction:    R7,195,746.72

     Nature of Interest:      Direct beneficial



Director:                     Mr. SK Tshabalala
Name of company:              Standard Bank Group Limited

7.   Date of Transaction:     2017-10-02

     Nature of Transaction:   Automatic vesting and exercise of 78 546 units
                              in the Standard Bank Deferred Bonus Scheme
                              2012. After subtracting tax, this resulted in
                              the delivery of 43 202 Standard Bank Group
                              ordinary shares.
     Number of shares:        43 202
     Class of securities:     Standard Bank Group ordinary shares
     Share Price:             R157.81
     Value of Transaction:    R6 817 707.62
     Nature of Interest:      Direct beneficial



Director:                     Dr. A Daehnke

Name of company:              Standard Bank Group Limited

8.   Date of Transaction:     2017-10-02

     Nature of Transaction:   Automatic vesting and exercise of 34 762 units
                              in the Standard Bank Deferred Bonus Scheme
                              2012. After subtracting tax, this resulted in
                              the delivery of 19 120 Standard Bank Group
                              ordinary shares.
     Number of shares:        19 120
     Class of securities:     Standard Bank Group ordinary shares
     Share Price:             R157.81
     Value of Transaction:    R3 017 327.20
     Nature of Interest:      Direct beneficial



Non-Executive Director:       Mr. JH Maree

Name of company:              Standard Bank Group Limited

9.   Date of Transaction:     2017-10-02

     Nature of Transaction:   Automatic vesting and exercise of 10 354 units
                              in the Standard Bank Deferred Bonus Scheme
                              2012. After subtracting tax, this resulted in
                              the delivery of 5 695 Standard Bank Group
                              ordinary shares.
     Number of shares:        5 695
     Class of securities:     Standard Bank Group ordinary shares
     Share Price:             R157.81
     Value of Transaction:    R898 727.95
     Nature of Interest:      Direct beneficial



Group Secretary:              Ms. Z Stephen
Name of company:                    Standard Bank Group Limited

10.   Date of Transaction:          2017-10-02

      Nature of Transaction:        Automatic vesting and exercise of 10 585 units
                                    in the Standard Bank Deferred Bonus Scheme
                                    2012. After subtracting tax, this resulted in
                                    the delivery of 5 824 Standard Bank Group
                                    ordinary shares.
      Number of shares:             5 824
      Class of securities:          Standard Bank Group ordinary shares
      Share Price:                  R157.81
      Value of Transaction:         R 919 085.44
      Nature of Interest:           Direct beneficial



Associates of Directors:


Name of Associate:                  Ms. S Brugman

Director:                           Dr. A Daehnke

Name of company:                    Standard Bank Group Limited

11.   Date of Transaction:          2017-10-02

      Nature of Transaction:        Automatic vesting and exercise of 49 705 units
                                    in the Standard Bank Deferred Bonus Scheme
                                    2012. After subtracting tax, this resulted in
                                    the delivery of 27 339 Standard Bank Group
                                    ordinary shares.
      Number of shares:             27 339
      Class of securities:          Standard Bank Group ordinary shares
      Share Price:                  R157.81
      Value of Transaction:         R4 314 367.59
      Nature of Interest:           Direct beneficial


12. Date of Transaction:            2017-10-05

      Nature of transaction:       Disposal of 30,000 Standard Bank Group
                                   Limited ordinary shares
      Number of shares:            30,000
      Price per share:             R161.28
      Value of this transaction:   R4,838,400.00
      Nature of interest:          Direct beneficial


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

05 October 2017

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