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STANDARD BANK GROUP LIMITED - Dealings in securities

Release Date: 03/04/2020 17:15
Code(s): SBK     PDF:  
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Dealings in securities

STANDARD BANK GROUP LIMITED
Registration number 1969/017128/06
Incorporated in the Republic of South Africa
JSE Share code: SBK ISIN ZAE000109815
Namibian Share Code: SNB ZAE000109815
A2X share code: SBK
(“Standard Bank Group”)
Website: (www.standardbank.com)

DIRECTORS AND PRESCRIBED OFFICERS’ 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:

A. Vesting of awards in terms of the Standard Bank Group Employee Share Scheme ?
   Performance Reward Plan


Director:                           Mr. SK Tshabalala

Name of company:                    Standard Bank Group Limited

1.   Date of Transaction:           2020-04-01

     Nature of Transaction:         Automatic vesting and exercise of 80 200 units
                                    in the Standard Bank Performance Reward Plan
                                    awarded   on   2017-03-02.   After   subtracting
                                    employee’s tax, this resulted in the delivery of
                                    44 110 Standard Bank Group ordinary shares.
     Number of shares:              44 110
     Class of securities:           Standard Bank Group ordinary shares
     Share Price:                   R95.99
     Value of Transaction:          R4 234 118.90
     Nature of Interest:            Direct beneficial

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



Director:                           Dr. A Daehnke

Name of company:                    Standard Bank Group Limited

2.   Date of Transaction:           2020-04-01

     Nature of Transaction:         Automatic vesting and exercise of 44 900 units
                                    in the Standard Bank Performance Reward Plan
                                    awarded on 2017-03-02. 44 900 Standard Bank Group
                                    ordinary shares were delivered, and all employee
                                    taxes were funded by the participant.
     Number of shares:              44 900
     Class of securities:           Standard Bank Group ordinary shares
     Share Price:                   R95.99
     Value of Transaction:          R4 309 951.00
     Nature of Interest:            Direct beneficial
     The above transaction was done on-market and clearance to deal was provided.


Group Secretary:                    Ms. Z Stephen

Name of company:                    Standard Bank Group Limited

3.   Date of Transaction:           2020-04-01

     Nature of Transaction:         Automatic vesting and exercise of 19 200 units
                                    in the Standard Bank Performance Reward Plan
                                    awarded on 2017-03-02. 19 200 Standard Bank Group
                                    ordinary shares were delivered, and all employee
                                    taxes were funded by the participant.
     Number of shares:              19 200
     Class of securities:           Standard Bank Group ordinary shares
     Share Price:                   R95.99
     Value of Transaction:          R1 843 008.00
     Nature of Interest:            Direct beneficial

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


Prescribed Officer:                 Mr. Z Manyathi

Name of company:                    Standard Bank Group Limited

4.   Date of Transaction:           2020-04-01

     Nature of Transaction:         Automatic vesting and exercise of 41 700 units
                                    in the Standard Bank Performance Reward Plan
                                    awarded on 2017-03-02. 41 700 Standard Bank Group
                                    ordinary shares were delivered, and all employee
                                    taxes were funded by the participant.
     Number of shares:              41 700
     Class of securities:           Standard Bank Group ordinary shares
     Share Price:                   R95.99
     Value of Transaction:          R4 002 783.00
     Nature of Interest:            Direct beneficial

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


Prescribed Officer:                 Mr. AK Fihla

Name of company:                    Standard Bank Group Limited

5.   Date of Transaction:           2020-04-01

     Nature of Transaction:         Automatic vesting and exercise of 38 500 units
                                    in the Standard Bank Performance Reward Plan
                                    awarded on 2017-03-02. 38 500 Standard Bank Group
                                    ordinary shares were delivered, and all employee
                                    taxes were funded by the participant.
     Number of shares:              38 500
     Class of securities:           Standard Bank Group ordinary shares
     Share Price:                   R95.99
     Value of Transaction:          R3 695 615.00
     Nature of Interest:            Direct beneficial

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


Prescribed Officer:                 Ms. M Nienaber

Name of company:                    Standard Bank Group Limited

6.   Date of Transaction:           2020-04-01

     Nature of Transaction:         Automatic vesting and exercise of 64 100 units
                                    in the Standard Bank Performance Reward Plan
                                    awarded   on   2017-03-02.   After   subtracting
                                    employee’s tax, this resulted in the delivery of
                                    35 255 Standard Bank Group ordinary shares.
     Number of shares:              35 255
     Class of securities:           Standard Bank Group ordinary shares
     Share Price:                   R95.99
     Value of Transaction:          R3 384 127.45
     Nature of Interest:            Direct beneficial

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


Associates of Directors:

Name of Associate:                  Ms. S Brugman

Director:                           Dr. A Daehnke

Name of company:                    Standard Bank Group Limited

7.   Date of Transaction:           2020-04-01

     Nature of Transaction:         Automatic vesting and exercise of 38 500 units
                                    in the Standard Bank Performance Reward Plan
                                    awarded   on   2017-03-02.   After   subtracting
                                    employee’s tax, this resulted in the delivery of
                                    21 175 Standard Bank Group ordinary shares.
     Number of shares:              21 175
     Class of securities:           Standard Bank Group ordinary shares
     Share Price:                   R95.99
     Value of Transaction:          R2 032 588.25
     Nature of Interest:            Direct beneficial


     The above transactions were done on market and clearance to deal was provided.

B. ACCEPTANCE OF 2020 SHARE SCHEME AWARDS

The following directors, associate and officers of the Company have been awarded   and
have accepted conditional awards in terms of the Performance Reward Plan (PRP)     and
awards in the Standard Bank Deferred Bonus Scheme 2012 (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 and performance
conditions and vest in accordance with the rules of the PRP.

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

Name of director                    Mr. SK Tshabalala

   8. Date award was accepted       2020-04-01
      Class of security             Units in respect of ordinary shares
      Number of Awards              109 100 in the PRP
                                    29 482 in the DBS
      Nature of transaction         Off market acceptance of Awards
      Nature of interest            Direct beneficial


Name of director                    Dr. A Daehnke

   9. Date award was accepted       2020-04-01
      Class of security             Units in respect of ordinary shares
      Number of Awards              78 700 in the PRP
                                    26 206 in the DBS
      Nature of transaction         Off market acceptance of Awards
      Nature of interest            Direct beneficial


Name of prescribed officer          Mr. Z Manyathi

  10. Date award was accepted       2020-04-01
      Class of security             Units in respect of ordinary shares
      Number of Awards              73 100 in the PRP
                                    26 206 in the DBS
      Nature of transaction         Off market acceptance of Awards
      Nature of interest            Direct beneficial


Name of prescribed officer          Mr. AK Fihla

  11. Date award was accepted       2020-04-01
      Class of security             Units in respect of ordinary shares
      Number of Awards              73 100 in the PRP
                                    26 206 in the DBS
      Nature of transaction         Off market acceptance of Awards
      Nature of interest            Direct beneficial



Name of prescribed officer          Ms. M Nienaber
 12.   Date award was accepted      2020-04-01
       Class of security            Units in respect of ordinary shares
       Number of Awards             68 800 in the PRP
                                    26 206 in the DBS
       Nature of transaction        Off market acceptance of Awards
       Nature of interest           Direct beneficial


Group Secretary:                    Ms. Z Stephen

 13.   Date award was accepted      2020-04-01
       Class of security            Units in respect of ordinary shares
       Number of Awards             32 800 in the PRP
                                    16 379 in the DBS
       Nature of transaction        Off market acceptance of Awards
       Nature of interest           Direct beneficial


Director of a major subsidiary:

Name of director                    Mr. L Fuzile

 14.   Date award was accepted      2020-04-02
       Class of security            Units in respect of ordinary shares
       Number of Awards             68 800 in the PRP
                                    26 206 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

 15.   Date award was accepted      2020-04-02
       Class of security            Units in respect of ordinary shares
       Number of Awards             39 400 in the PRP
                                    17 689 in the DBS
       Nature of transaction        Off market acceptance of Awards
       Nature of interest           Direct beneficial


Johannesburg
3 April 2020

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

Date: 03-04-2020 05:15:00
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