| Tue 18 Dec 2007, 12:37 | | SBK/SNB - Standard Bank Group Limited - Sanctioning of scheme of arrangement |
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SBK
SBK
SBK/SNB - Standard Bank Group Limited - Sanctioning of scheme of arrangement
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")
SANCTIONING OF THE SCHEME OF ARRANGEMENT
Further to the announcement released on the Securities Exchange News Service of
the JSE Limited and published in the press on Thursday, 13 December 2007 and
Friday, 14 December 2007, respectively, Standard Bank Group ordinary
shareholders are advised that the scheme of arrangement in terms of section 311
of the Companies Act, 1973, as amended, proposed by Industrial and Commercial
Bank of China Limited, between Standard Bank Group and its ordinary shareholders
("the Scheme"), was sanctioned by the High Court of South Africa (Witwatersrand
Local Division) today, being Tuesday, 18 December 2007. A certified copy of the
Order of Court sanctioning the Scheme will be lodged with the Registrar of
Companies for registration.
A further announcement regarding the fulfilment of the remaining conditions
precedent and setting out the dates and times in respect of the implementation
of the transaction will be made in due course.
Johannesburg
18 December 2007
Investment bank and joint sponsor to Standard Bank Group
Standard Bank
Financial adviser and lead sponsor to Standard Bank Group
Deutsche Securities (SA) (Proprietary) Limited
Legal advisers to Standard Bank Group
Bowman Gilfillan Inc
Sponsor to Standard Bank Group in Namibia
Simonis Storm Securities (Proprietary) Limited
Date: 18/12/2007 12:37:02 Produced by the JSE SENS Department.
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