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STANDARD BANK GROUP LIMITED - Director's dealings in securities

Release Date: 16/11/2023 17:20
Code(s): SBK     PDF:  
Wrap Text
Director's dealings in securities

STANDARD BANK GROUP LIMITED
Registration number 1969/017128/06
Incorporated in the Republic of South Africa
Website: www.standardbank.com/reporting

SHARE CODES
JSE and A2X share code: SBK
ISIN: ZAE000109815
NSX share code: SNB

("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, Shareholders
are advised that on 31 May 2021, Barend (Ben) Kruger had entered into an equity funding arrangement
with a financial institution which consisted of a loan agreement securitized by a simultaneous collar hedge
and equity lending transaction. On 15 November 2023 he executed trades to unwind the derivative
structure prior to expiry date, the detail of which is as follows:

Director                                         Mr B J Kruger
Name of Company                                  Standard Bank Group Limited
Date of Transaction                              2023-11-15
Nature of Interest                               Direct Beneficial
Number of shares                                  371,886 ordinary shares
Nature of Transaction                            On market, early termination of zero collar hedge and
                                                 loan settlement in respect of 371,886 ordinary shares,
                                                 with a put strike price of R127,73, a call strike price of
                                                 R218,40 and an expiry date of 30 May 2024.
Face Value                                       R74,389,732.56
Spot Price Executed                              R 200.0337


Clearance to deal was provided.


Johannesburg
16 November 2023

JSE sponsor
The Standard Bank of South Africa Limited

Namibian sponsor
Simonis Storm Securities (Proprietary) Limited

Date: 16-11-2023 05:20:00
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