Standard Bank Group Limited - Private Placement Of
SBK SBPP
SBK
Standard Bank Group Limited - Private Placement Of Preference Shares
Standard Bank Group Limited
Incorporated in the Republic of South Africa
Registration number: 1969/017128/06
JSE Share code: SBK
Namibian Share code: SNB
ISIN: ZAE000057378
JSE Share code: SBPP
ISIN: ZAE000056339
PRIVATE PLACEMENT OF PREFERENCE SHARES
Standard Bank Group proposes to privately place non-redeemable, non-cumulative
preference shares during May 2006 and has commenced a process to assess market
demand in this regard. The company aims to raise between R1 billion and R2
billion of preference share capital at an effective cost of 63% of prime.
The preference share capital which qualifies as tier I capital is being raised
to maintain a cost effective, prudent capital base for the group. This will
accommodate current strong balance sheet growth, potential acquisitions and a
continuation of the limited share buy-back programme established in 2005.
For further information, please contact:
Norbert Hoffmann (Director: Group Capital Management)
Tel 011 636 3712; e-mail: norbert.noffmann@standardbank.co.za
Simon Ridley (Chief Financial Officer)
Tel 011 636 3756; e-mail: simon.ridley@standardbank.co.za
Sponsor
Standard Bank
5 May 2006
Date: 05/05/2006 11:12:18 AM Produced by the JSE SENS Department
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