| Thu 13 Dec 2007, 10:29 | | SBK - Standard Bank Group - Results Of The Industrial And Commercial Bank Of |
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SBK
SBK
SBK - Standard Bank Group - Results Of The Industrial And Commercial Bank Of
China Limited General Meeting
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")
RESULTS OF THE INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED GENERAL MEETING
Further to the announcement released on the Securities Exchange News Service of
the JSE Limited and published in the press on Monday, 3 December 2007 and
Tuesday, 4 December 2007, respectively, Standard Bank Group ordinary
shareholders are advised that at the general meeting of Industrial and
Commercial Bank of China Limited ("ICBC") A and H shareholders ("ICBC
shareholders") held today, Thursday, 13 December 2007, the requisite majority of
ICBC shareholders approved the resolutions required to effect the acquisition by
ICBC of an effective 20% stake in the issued ordinary share capital of Standard
Bank Group.
Further announcements
Further announcements regarding the outcome of the application to the Court for
the sanctioning of 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, fulfillment of the remaining conditions precedent
and the implementation of the transaction will be made to Standard Bank Group
ordinary shareholders in due course.
Johannesburg
13 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
Date: 13/12/2007 10:29:09 Produced by the JSE SENS Department.
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