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STANDARD BANK GROUP LIMITED - Directors' Dealings in Securities

Release Date: 11/03/2020 17:10
Code(s): SBK     PDF:  
Wrap Text
Directors' Dealings in Securities

STANDARD BANK GROUP LIMITED
Registration number 1969/017128/06
Incorporated in the Republic of South Africa
Website: (www.standardbank.com)

JSE Share code: SBK ISIN: ZAE000109815
Namibian Share Code: SNB ZAE000109815
A2X share code: SBK

(“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. A Daehnke

Name of company:                    Standard Bank Group Limited

1.   Date of Transaction:           2020-03-05

     Nature of Transaction:         Exercise of 25 000 Participation Rights awarded
                                    in the Standard Bank Equity Growth Scheme on
                                    2010-03-05:

                                    Award Price = R111.94
                                    Exercise Price = R152.46
                                    Gain = R40.52 per right. After subtracting
                                    employees’ tax, this resulted in delivery of
                                    5,048 Standard Bank Group ordinary shares.

     Nature of Interest:            Direct beneficial

     Value of the transaction:      R 769,618.08

     The above transaction was done off-market and clearance to deal was provided.



Director:                           Mr. AK Fihla

Name of company:                    Standard Bank Group Limited


2.   Date of Transaction:           2020-03-05

     Nature of Transaction:         Exercise of 25 000 Participation Rights awarded
                                    in the Standard Bank Equity Growth Scheme on
                                    2010-03-05:

                                    Award Price = R111.94
                                    Exercise Price = R152.46
                                    Gain = R40.52 per right. After subtracting
                                    employees’ tax, this resulted in delivery of
                                    5,048 Standard Bank Group ordinary shares.


    Nature of Interest:             Direct beneficial

    Value of the transaction:       R 769,618.08

    The above transaction was done off-market and 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

11 March 2020

Date: 11-03-2020 05:10:00
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