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STANDARD BANK GROUP LIMITED - Directors, Group Secretary and Associate Dealings in Securities

Release Date: 04/10/2019 12:00
Code(s): SBK     PDF:  
 
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Directors, Group Secretary and Associate Dealings in Securities

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, GROUP SECRETARY AND ASSOCIATE 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. TS Gcabashe

Name of company:                    Standard Bank Group Limited

1.   Date of Transaction:           2019-10-01

     Nature of Transaction:         Off-market delivery of 40 000 Standard Bank Group
                                    ordinary shares relating to the previously
                                    awarded Standard Bank Group black economic
                                    empowerment initiative (“Tutuwa”) after settling
                                    funding and transaction costs in his personal
                                    capacity.
     Number of shares:              40 000
     Class of securities:           Standard Bank Group ordinary shares
     Share Price:                   R143.20**
     Value of Transaction:          R5,728,000.00
     Nature of Interest:            Direct beneficial


Director:                           Mr. SK Tshabalala

Name of company:                    Standard Bank Group Limited

2.   Date of Transaction:           2019-09-30

     Nature of Transaction:         Off-market automatic vesting and exercise of
                                    50 544 units in the Standard Bank Deferred
                                    Bonus Scheme 2012. After subtracting tax, this
                                    resulted in the delivery of 27 800 Standard
                                    Bank Group ordinary shares.
     Number of shares:              27 800
     Class of securities:           Standard Bank Group ordinary shares
     Share Price:                   R177.80
     Value of Transaction:          R4,942,840.00
     Nature of Interest:            Direct beneficial

3.   Date of Transaction:           2019-09-30

     Nature of Transaction:        Resulting from the transactions disclosed in
                                   paragraph 2 above, Mr. Tshabalala sold 27 800
                                   ordinary Shares on-market.
     Share Price (VWAP):           R175.08 (High: R175.48 and Low: R174.85)

     Value of Transaction:         R4,867,224.00
     Nature of Interest:           Direct beneficial

4.   Date of Transaction:          2019-10-01

     Nature of Transaction:        Off-market delivery of 318 227 Standard Bank
                                   Group ordinary shares relating to the
                                   previously awarded Tutuwa initiative.
     Number of shares:             318 227
     Class of securities:          Standard Bank Group ordinary shares
     Share Price:                  R143.20**
     Value of Transaction:         R45,570,106.40
     Nature of Interest:           Direct beneficial


Director:                         Ms. KD Moroka

Name of company:                  Standard Bank Group Limited

5.   Date of Transaction:         2019-10-01

     Nature of Transaction:       Off-market delivery of 66 636 Standard Bank Group
                                  ordinary shares relating to the previously
                                  awarded Tutuwa initiative after settling funding
                                  and transaction costs in her personal capacity.
     Number of shares:            66 636
     Class of securities:         Standard Bank Group ordinary shares
     Share Price:                 R143.20**
     Value of Transaction:        R9,542,275.20
     Nature of Interest:          Direct beneficial


Director:                         Dr. A Daehnke

Name of company:                  Standard Bank Group Limited

6.   Date of Transaction:         2019-09-30

     Nature of Transaction:       Off-market automatic vesting and exercise of 27
                                  893 units in the Standard Bank Deferred Bonus
                                  Scheme 2012. After subtracting tax, this
                                   resulted in the delivery of 15 342 Standard
                                   Bank Group ordinary shares.
     Number of shares:             15 342
     Class of securities:          Standard Bank Group ordinary shares
     Share Price:                  R177.80
     Value of Transaction:         R2,727,807.60
     Nature of Interest:           Direct beneficial


Group Secretary:                    Ms. Z Stephen

Name of company:                    Standard Bank Group Limited

7.   Date of Transaction:           2019-09-30

     Nature of Transaction:         Off-market automatic vesting and exercise of 14
                                    483 units in the Standard Bank Deferred Bonus
                                    Scheme 2012. After subtracting tax, this
                                    resulted in the delivery of 7 966 Standard Bank
                                    Group ordinary shares.
     Number of shares:              7 966
     Class of securities:           Standard Bank Group ordinary shares
     Share Price:                   R177.80
     Value of Transaction:          R1,416,354.80
     Nature of Interest:            Direct beneficial


Associates of Directors:

Name of Associate:                  Ms. S Brugman

Director:                           Dr. A Daehnke

Nature of relationship:             Spouse

Name of company:                    Standard Bank Group Limited

8.   Date of Transaction:           2019-09-30

     Nature of Transaction:         Off-market automatic vesting and exercise of 29
                                    839 units in the Standard Bank Deferred Bonus
                                    Scheme 2012. After subtracting tax, this
                                    resulted in the delivery of 16 412 Standard
                                    Bank Group ordinary shares.
     Number of shares:              16 412
     Class of securities:           Standard Bank Group ordinary shares
     Share Price:                   R177.80
     Value of Transaction:          R2,918,053.60
     Nature of Interest:            Direct beneficial


**Acquisition price for 2015 sale of shares for tax purposes

Prior 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

04 October 2019

Date: 04/10/2019 12:00:00
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