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STANDARD BANK GROUP LIMITED - Directors' dealing announcemente

Release Date: 12/03/2018 17:30
Code(s): SBK     PDF:  
Wrap Text
Directors' dealing announcemente

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’ 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. T S Gcabashe

Name of company:                    Standard Bank Group Limited


1.   Date of Transaction:           2018-03-08

     Nature of transaction:         Disposal of 20,000 Standard Bank Group
                                    Limited ordinary shares at a price of R224.84
                                    per share

     Value of transaction:          R4,496,800.00

     Nature of interest:            Direct beneficial


Director:                           Mr. S K Tshabalala

Name of company:                    Standard Bank Group Limited

2.   Date of Transaction:           2018-03-08

     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 = R223.84
                                    Gain = R125.04 per right. After subtracting
                                    employees’ tax, this resulted in delivery of
                                    7,681 Standard Bank Group ordinary shares.

     Nature of Interest:            Direct beneficial

3.   Date of Transaction:           2018-03-08

     Nature of Transaction:         Exercise of 290 319 Participation Rights
                                    awarded in the Standard Bank Equity Growth
                                    Scheme on 2013-03-07:

                                    Award Price = R115.51
                                    Exercise Price = R223.84
                                    Gain = R108.33 per right. After subtracting
                                    employees’ tax, this resulted in delivery of
                                    119,743 Standard Bank Group ordinary shares.

     Nature of Interest:            Direct beneficial



4.   Date of Transaction:           2018-03-08

     Nature of Transaction:        Resulting from the transactions disclosed in
                                   paragraphs 2 to 3 above, Mr. Tshabalala sold
                                   the 127,424 ordinary Shares at a price of
                                   R227.23 per share.

     Value of Transaction:          R28 954,555.52

     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

12 March 2018

Date: 12/03/2018 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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