SBK - Standard Bank Group - Trading Statement In Respect Of The Year Ended 31
SBK
SBK
SBK - Standard Bank Group - Trading Statement In Respect Of The Year Ended 31
December 2009
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
South African Share Code: SBK
Namibian Share Code: SNB
ISIN: ZAE000109815
("Standard Bank Group" or "the group")
Trading statement in respect of the year ended 31 December 2009
Standard Bank Group`s results for the year ended 31 December 2009 will be
released on 4 March 2010. In terms of the Listings Requirements of the JSE
Limited, a listed company is required to publish a trading statement as soon as
a reasonable degree of certainty exists that the financial results for the
period to be reported on next will differ by at least 20% from those of the
previous corresponding period.
The group expects that headline earnings per share (HEPS), diluted HEPS and
basic earnings per share (EPS) on a normalised basis for the year ended 31
December 2009 are likely to be approximately 20% lower than the comparable
period in 2008. HEPS, diluted HEPS and basic EPS calculated on an IFRS basis for
the year ended 31 December 2009 are likely to be between 20% and 25% lower than
the comparable period in 2008.
Results are normalised to reflect the legal and economic substance of the
group`s Black Ownership Initiative; and deemed treasury shares held for the
benefit of Liberty policyholders and to facilitate client trading activities.
The above information has not been reviewed or reported on by the group`s
external auditors.
Johannesburg
18 February 2010
Independent sponsor
Deutsche Securities (SA) (Proprietary) Limited
Joint sponsor
Standard Bank
Date: 18/02/2010 08:00:10 Produced by the JSE SENS Department.
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