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STANDARD BANK GROUP LIMITED - Director's Dealing in Securities

Release Date: 26/09/2019 17:34
Code(s): SBK     PDF:  
Wrap Text
Director's Dealing in Securities

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”)


In compliance with sections 3.63 to 3.74 of the Listings Requirements of the JSE Limited, 
the following information is disclosed:

Director:                           Mr. S K Tshabalala

Name of company:                    Standard Bank Group Limited

1.   Date of Transaction:           2019-09-23

     Nature of Transaction:         Disposal of 100 587 Standard Bank Group
                                    ordinary shares in order to settle final
                                    funding obligations and related transaction
                                    costs in terms of the Standard Bank Group black
                                    economic empowerment initiative (“Tutuwa”), by
                                    means of participation in a volume weighted
                                    average price bulk sale transaction, at an
                                    average price of R185.0547 per share.

                                    The transaction was executed as part of a bulk
                                    transaction made available to all the remaining
                                    beneficiaries of the Tutuwa Managers’ Trusts
                                    and in which Mr Tshabalala had no discretion as
                                    to price or volumes of shares sold.

     Number of shares:              100 587

     Class of securities:           Standard Bank Group ordinary shares

     VWAP per Share:                R185.0547

     Highest price per Share:       R189.00

     Lowest price per Share:        R180.87

     Value of Transaction:          R18,614,097.11

     Nature of Interest:            Direct beneficial

     Nature of Trade:               On Market

Prior clearance for the transaction was obtained.

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

26 September 2019

Date: 26/09/2019 05:34:00
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