STANDARD BANK GROUP LIMITED - RESULTS OF THE PRIVATE PLACEMENT
IN TERMS OF THE PROPOSED PREFERENCE SHARE
ISSUE
Standard Bank Group Limited
(`Standard Bank Group`)
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
South African Share Code: SBK
Namibian Share Code: SNB
ISIN: ZAE000038873
Please note that this announcement replaces the announcement released on SENS
earlier today -
RESULTS OF THE PRIVATE PLACEMENT IN TERMS OF THE PROPOSED PREFERENCE SHARE ISSUE
1. Standard Bank Group is pleased to announce that it has raised R2 billion
preference share capital at a rate of 70% of prime through the private
placement of non-redeemable, non-cumulative, non-participating preference
shares with institutional investors. This is the first stage of a
preference share capital raising programme announced recently.
2. Standard Bank Group plans to raise a further R500 million to R1 billion of
preference share capital through a public offer at the same rate. Subject
to the approval of the JSE Securities Exchange South Africa, full details
of this offer will be published in the week commencing Monday, 14 June
2004.
Johannesburg
8 June 2004
Lead Sponsor:
Deutsche Securities SA (Pty) Ltd
Sponsor:
Standard Bank
Date: 08/06/2004 04:15:04 PM
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