STANDARD BANK GROUP LIMITED - Results Of Annual General Meeting (AGM) And Retirement Of Director

Release Date: 24/05/2018 17:05
Code(s): SBK
 
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Results Of Annual General Meeting (AGM) And Retirement Of Director

Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
JSE share code: SBK
NSX share code: SNB
ISIN: ZAE000109815
(“Standard Bank Group” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING (AGM) AND RETIREMENT OF DIRECTOR


Standard Bank Group is pleased to advise its shareholders that all the
ordinary and special resolutions proposed in the Notice of AGM dated 7
March 2018 and tabled at the Company’s AGM held today, Thursday 24 May
2018, were passed by the requisite majority of votes cast by shareholders. 

The voting details with respect to the proposed resolutions were as follows:


Resolution                Number of      % of        For*   Against   Abstai
Number                 shares voted    shares           %         *      ned
                                        voted**                   %        %

1       Ordinary      1 316 950 675      81.28        100      0.00     0.74
        Resolution:
        Adopt
        audited
        annual
        financial
        statements

2.1     Ordinary      1 316 692 750      81.26      97.79      2.21     0.63
        Resolution:
        Re-election
        of Thulani
        Gcabashe as
        a director

2.2     Ordinary      1 316 689 621      81.26      97.32      2.68     0.63
        Resolution:
        Election of
        Hao Hu as a
        director

2.3     Ordinary      1 316 694 000      81.26      96.35      3.65     0.63
        Resolution:
        Re-election
        of Kgomotso
        Moroka as a
        director

2.4     Ordinary       1 316 693 102     81.26      92.08      7.92     0.63
        Resolution:
        Re-election
        of Atedo
        Peterside as
        a director

2.5     Ordinary       1 316 698 065     81.26      99.39      0.61     0.63
        Resolution:
        Re-election
        of Peter
        Sullivan as
        a director

2.6     Ordinary       1 316 693 242     81.26      97.43      2.57     0.63
        Resolution:
        Election of
        Lubin Wang
        as a
        director

3.1     Ordinary       1 134 759 666     70.03      87.87     12.13    14.36
        Resolution:
        Re-
        appointment
        of KPMG Inc.
        as auditors

3.2     Ordinary       1 321 760 781     81.58      84.69     15.31     0.25
        Resolution:
        Re-
        appointment
        of
        Pricewaterho
        useCoopers
        Inc. as
        auditors

4       Ordinary       1 316 696 024     81.26      89.97     10.03     0.63
        Resolution:
        Place
        unissued
        ordinary
        shares under
        control of
        directors

5       Ordinary       1 303 772 625     80.47      89.54     10.46     0.64
        Resolution:
        Place
        unissued
        preference
        shares under
        control of
        directors

6.1     Non-binding    1 313 004 912     81.04      94.20      5.80     0.91
        advisory
        vote on
        remuneration
        policy

6.2     Non-binding    1 313 001 332     81.04      95.27      4.73     0.91
        advisory
        vote on
        remuneration
        implementati
        on report

7       Special
        Resolution:
        Approve non-
        executive
        directors’
        fees

7.1     Chairman       1 316 677 449     81.26      95.25      4.75     0.63

7.2     Director       1 310 292 558     80.87      99.28      0.72     1.11

7.3     International  1 310 390 405     80.87      98.69      1.31     1.11
        Director

7.4     Group
        Directors’
        Affairs
        Committee
 
7.4.1   Member         1 310 402 085     80.87      99.64      0.36     1.11

7.5     Group Risk
        and Capital
        Management
        Committee

7.5.1   Chairman       1 310 350 457     80.87      98.36      1.64     1.11

7.5.2   Member         1 310 402 949     80.87      99.64      0.36     1.11

7.6     Group
        Remuneration
        Committee

7.6.1   Chairman       1 310 397 417     80.87      99.34      0.66     1.10

7.6.2   Member         1 310 405 439     80.88      99.63      0.37     1.11

7.7     Group Social
        and Ethics
        Committee

7.7.1   Chairman       1 310 402 380     80.87      99.44      0.56     1.11

7.7.2   Member         1 310 402 179     80.87      99.64      0.36     1.11

7.8     Group Audit
        Committee

7.8.1   Chairman       1 310 402 380     80.87      98.36      1.64     1.11

7.8.2   Member         1 310 304 402     80.87      99.64      0.36     1.11

7.9     Group
        Technology
        and
        Information
        Committee

7.9.1   Chairman       1 310 402 450     80.87      99.35      0.65     1.11

7.9.2   Member         1 310 402 353     80.87      99.55      0.45     1.11

7.10    Group Model
        Approval
        Committee

7.10.1  Chairman       1 310 402 353     80.87      99.44      0.56     1.11

7.10.2  Member         1 310 378 352     80.87      99.64      0.36     1.11

7.11    Ad hoc         1 297 421 451     80.07      99.82      0.18     1.14
        meeting
        attendance

8       Special        1 315 448 202     81.19      98.96      1.04     0.72
        resolution
        General
        authority to
        acquire the
        company’s
        ordinary
        shares

9       Special                   #         #       99.19      0.81     0.74
        resolution
        General
        authority to
        acquire the
        company’s
        non-
        redeemable
        preference
        shares

10      Special        1 316 694 662     81.26      98.26      1.74     0.63
        resolution
        Loans or
        other
        financial
        assistance
        to related
        or inter-
        related
        companies


*In relation to the total number of shares voted at the AGM.
**Based on 1 620 283 191 shares in issue at the date of the AGM.
# The holders of the non-redeemable, non-cumulative, non-participating
preference shares (2nd preference shares) were entitled to vote on this
resolution and were entitled to that portion of the total votes in the
company which the aggregate amount of the nominal value of the shares
held by such shareholders bears to the aggregate amount of the nominal
value of the value of the ordinary and 2nd preference shares issued by
the company.


RETIREMENT OF DIRECTOR

In compliance with paragraph 3.59 of the Listings Requirements of the
JSE Limited, Standard Bank Group announces that, having reached
retirement age, Richard Matthew Wingfield Dunne (Richard) retired as
a non-executive director of Standard Bank Group at the close of the
company’s Annual General Meeting held today, Thursday, 24 May 2018.
He also retired from the board of The Standard Bank of South Africa
Limited at the close of its Annual General Meeting held on Wednesday,
23 May 2018.

The boards extend their appreciation to Richard for his contribution
to the group and wish him well in his retirement.


Johannesburg
24 May 2018

Lead sponsor
The Standard Bank of South Africa Limited

Independent Sponsor
Deutsche Securities (SA) Proprietary Limited

Namibian sponsor
Simonis Storm Securities (Proprietary) Limited

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