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STANDARD BANK GROUP LIMITED - Dealings in securities

Release Date: 16/04/2019 14:45
Code(s): SBK     PDF:  
 
Wrap Text
Dealings in securities

STANDARD BANK GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number 1969/017128/06
JSE and A2X Share code: SBK
Namibian Share Code: SNB
ISIN: ZAE000109815
(“Standard Bank Group” or “the Company”)


DIRECTORS’ DEALINGS IN SECURITIES


1. ACCEPTANCE OF AWARDS IN TERMS OF THE STANDARD BANK PERFORMANCE REWARD PLAN (PRP)
   AND THE STANDARD BANK DEFERRED BONUS SCHEME 2012 (DBS)BY DIRECTORS, AN ASSOCIATE
   OF A DIRECTOR AND OFFICER

   In compliance with sections 3.63 to 3.74 of the Listings Requirements of the JSE
   Limited notification is hereby given that the following directors, associate of
   director and officer of the Company have been awarded, and have accepted,
   conditional awards in terms of the PRP and awards in the DBS. Awards in the PRP
   and DBS are settled in ordinary shares upon vesting, subject to the outcome of
   the conditions imposed.

   The conditional PRP units awarded are subject to retention, forfeiture,
   performance conditions and clawback and vest in accordance with the rules of the
   PRP.

   The DBS units awarded are subject to retention, forfeiture conditions and
   clawback and vest in accordance with the rules of the DBS.

   Name of director                            Mr. SK Tshabalala

   1.1      Date award was accepted            2019-04-12
            Class of security                  Units in respect of ordinary shares
            Number of Awards                   76 800 in the PRP
                                               27 408 in the DBS
            Nature of transaction              Off market acceptance of Awards
            Nature of interest                 Direct beneficial


   Name of director                            Dr. A Daehnke

   1.2      Date award was accepted            2019-04-12
            Class of security                  Units in respect of ordinary shares
            Number of Awards                   65 800 in the PRP
                                               16 445 in the DBS
            Nature of transaction              Off market acceptance of Awards
            Nature of interest                 Direct beneficial

   Group Secretary:                            Ms. Z Stephen

   1.3      Date award was accepted            2019-04-12
            Class of security                  Units in respect of ordinary shares
            Number of Awards                   24 700 in the PRP
                                               13 704 in the DBS
            Nature of transaction                Off market acceptance of Awards
            Nature of interest                   Direct beneficial



  Associate of director                          Ms. S Brugman
  Director:                                      Dr. A Daehnke

   1.4      Date award was accepted              2019-04-12
            Class of security                    Units in respect of ordinary shares
            Number of Awards                     32 900 in the PRP
                                                 13 704 in the DBS
            Nature of transaction                Off market acceptance of Awards
            Nature of interest                   Direct beneficial


2. DIRECTOR’S DEALING IN SECURITIES

   In compliance with the above-mentioned sections of the Listings Requirements of
   the JSE Limited, the following director’s dealing in securities is disclosed:

   Name of director                              Mr. SK Tshabalala

   2.1      Date of transaction                  2019-04-12
            Nature of transaction                Disposal of 129,751 Standard Bank
                                                 Group Limited ordinary shares
            Highest price                        R194.10
            Lowest price                         R193.19
            Average price                        R193.46
            Value of transaction                 R25 101 221.80
            Nature of interest                   Direct beneficial

Clearance for the above was obtained.


Johannesburg
16 April 2019


Lead sponsor
The Standard Bank of South Africa Limited

Independent sponsor
JP Morgan Equities South Africa Proprietary Limited

Namibian sponsor
Simonis Storm Securities (Proprietary) Limited

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