| Mon 3 Dec 2007, 12:48 | | SBK - Standard Bank Group /ICBC - Results of the scheme and general meetings |
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SBK
SBK
SBK - Standard Bank Group /ICBC - Results of the scheme and general meetings
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
JSE share code: SBK & NSX share code: SNB
ISIN: ZAE000057378
("Standard Bank Group" or "the Company")
Industrial and Commercial Bank of China Limited
A joint stock company incorporated in the
People`s Republic of China with limited liability
Corporate business licence number:
1000001000396
Shanghai Stock Exchange code: 601398
Hong Kong Stock Exchange code: 1398
("ICBC")
RESULTS OF THE SCHEME AND GENERAL MEETINGS
Introduction
Further to the announcement published on the Securities Exchange News Service of
the JSE Limited and in the press on Thursday, 8 November 2007 and Friday, 9
November 2007, respectively, Standard Bank Group announces that:
- The scheme of arrangement in terms of section 311 of the Companies Act,
1973, as amended, proposed by ICBC between Standard Bank Group and its
ordinary shareholders ("the Scheme") has been approved by the requisite
majority of votes at the scheme meeting held today, Monday, 3 December
2007. Application will be made to the High Court of South Africa
(Witwatersrand Local Division) ("the Court") on Tuesday, 18 December
2007 at 10:00 or as soon thereafter as Counsel may be heard for an
order sanctioning the Scheme. The Court is located in the High Court
Building, Von Brandis Square, corner Pritchard and Von Brandis Streets,
Johannesburg.
- At the general meeting held on Monday, 3 December 2007, Standard Bank
Group ordinary shareholders passed the ordinary resolution proposed
thereat, authorising the Company to issue Standard Bank Group ordinary
shares to ICBC.
Scheme Meeting Chairman`s report
Copies of the Chairman`s report on the scheme meeting will be available on
request from Thursday, 6 December 2007 during normal business hours at the
Company`s registered office at 9th Floor, Standard Bank Centre, 5 Simmonds
Street, Johannesburg and at the offices of the investment bank, being The
Standard Bank of South Africa Limited, at 5th Floor, 3 Simmonds Street,
Johannesburg.
Further announcements
Further announcements regarding the results of the general meeting of ICBC
shareholders, the outcome of the application to the Court for the sanctioning of
the Scheme, fulfillment of the remaining conditions precedent and the
implementation of the transaction will be made to Standard Bank ordinary
shareholders in due course.
Johannesburg
3 December 2007
Investment bank and joint sponsor to Standard Bank Group
Standard Bank
Legal advisers to Standard Bank Group
Bowman Gilfillan Inc
Independent sponsor to Standard Bank Group
Deutsche Securities (SA) (Proprietary) Limited
Sponsor to Standard Bank Group in Namibia
Simonis Storm Securities (Proprietary) Limited
Financial adviser to ICBC
Goldman Sachs International
Financial adviser to ICBC
ICEA Capital Limited
International legal advisers to ICBC
Linklaters LLP
South African legal advisers to ICBC
Webber Wentzel Bowens
Date: 03/12/2007 12:48:01 Produced by the JSE SENS Department.
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