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STANDARD BANK GROUP LIMITED - Dealings in securities

Release Date: 20/05/2019 14:30
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”)
DIRECTOR’S 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. J H Maree

Name of company:                    Standard Bank Group Limited

1.   Date of Transaction:           2019-05-14

     Nature of Transaction:         Off market exercise of 250 000 Participation
                                    Rights awarded in the Standard Bank Equity
                                    Growth Scheme on 2010-03-05:

                                    Award Price = R111.94
                                    Exercise Price = R203.07
                                    Gain = R91.13 per right. After subtracting
                                    employees’ tax, this resulted in delivery of
                                    110,393 Standard Bank Group ordinary shares.

     Nature of Interest:            Direct beneficial


2.   Date of Transaction:           2019-05-14

     Nature of Transaction:         Resulting from the transactions disclosed in
                                    paragraph 1 above, Mr. Maree sold the 110,393
                                    ordinary Shares at a price of R202.50 per share
                                    on market.

     Value of Transaction:          R22 354 582.50

     Nature of Interest:            Direct beneficial



Clearance to deal was provided.


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

20 May 2019

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