| Wed 25 Apr 2012, 8:00 | | SBK - Standard Bank Group Limited - No change statement Notice of Annual |
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SBK
SBK
SBK - Standard Bank Group Limited - No change statement, Notice of Annual
General Meeting and Financial Information provided to Industrial and Commercial
Bank of China Limited ("ICBC")
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: ZAE000109815
("Standard Bank Group" or "the group")
No Change Statement, Notice of Annual General Meeting and Financial Information
Provided to Industrial and Commercial Bank of China Limited ("ICBC")
1 No Change Statement
Shareholders of the group ("shareholders") are advised that the annual
financial statements of the group for the year ended 31 December 2011 as
set out in the group`s annual integrated report, will be issued to
shareholders on Wednesday, 25 April 2012 and contain no modifications to
the audited results for the year ended 31 December 2011 which were
published on Thursday, 8 March 2012 and subsequently issued to
shareholders. The annual integrated report will be available on the
investor relations website of Standard Bank Group on Wednesday, 25 April
2012 during the course of the morning.
2 Annual General Meeting
The Annual General Meeting of shareholders will be held in the HP de
Villiers Auditorium, Ground Floor, Standard Bank Centre, 6 Simmonds Street,
Johannesburg on Thursday, 31 May 2012 at 09:30 to transact the business
stated in the notice of the Annual General Meeting, which was issued
together with the Integrated Report containing the annual financial
statements of the group for the year ended 31 December 2011.
The record date for shareholders to participate in and vote at the Annual
General Meeting is Friday, 25 May 2012. Accordingly, the last day to trade
to participate in and vote at the Annual General Meeting is Friday, 18 May
2012.
3 Financial Information Provided to ICBC
Standard Bank Group is required to disclose to ICBC sufficient information
to enable ICBC to equity account the group`s results on a quarterly basis.
The following consolidated financial information, prepared on an
International Financial Reporting Standards basis, is being provided to
ICBC for purposes of ICBC`s equity accounting of Standard Bank Group`s
results for the quarter ended 31 March 2012.
Statement of changes in ordinary shareholders` equity for the period ended
31 March 2012
Rm Opening Earnings Other Balance at
balance 1 attributable movements 31 March
January 2012 to ordinary for the 2012
shareholders period
Ordinary 159 159
share capital
Ordinary 17 576 197 17 773
share premium
Foreign (606) (1 688) (2 294)
currency
reserves
Translation (1 058) **(1 527) (2 585)
reserve
Cash flow 452 (161) 291
hedging
reserve
Retained 82 777 3 521 * (4 817) 81 481
earnings
Empowerment (3 277) 37 (3 240)
reserve and
treasury
shares
Other 2 413 567 2 980
Total 99 042 3 521 (5 704) 96 859
ordinary
shareholders`
equity
* Primarily comprises the cash component of the ordinary dividends declared 7
March 2012
** The change in translation reserve principally arises from the translation
impact on the group`s foreign net asset value of a R7.67 Rand / 1 US dollar
exchange rate at 31 March 2012 compared to a rate of R8.09 at 31 December
2011.
The information contained in this announcement regarding the group`s results for
the quarter ended 31 March 2012 has not been reviewed by or reported on by the
group`s auditors.
Johannesburg
25 April 2012
Lead sponsor
The Standard Bank of South Africa
Independent Sponsor
Deutsche Securities (SA) Proprietary Limited
Date: 25/04/2012 08:00:04 Produced by the JSE SENS Department.
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