Standard Bank Group - Results of a private placeme
SBK SBPP
SBK
Standard Bank Group - Results of a private placement of preference shares
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
(JSE share code: SBPP)
(ISIN: ZAE000056339)
("Standard Bank Group")
RESULTS OF A PRIVATE PLACEMENT OF 9 824 353 NON-REDEEMABLE, NON-CUMULATIVE,
NON-PARTICIPATING PREFERENCE SHARES ("PREFERENCE SHARES") ("PRIVATE
PLACEMENT")
1. INTRODUCTION
Shareholders are referred to the announcements dated 1 November 2006 and 1
December 2006 relating to the private placement of preference shares
amounting to between R500 million and R1 billion during November and
December 2006.
2. RESULTS OF THE PRIVATE PLACEMENT
Standard Bank Group is pleased to announce that, in terms of the private
placement, 9 824 353 preference shares, at an aggregate value of R1 017 802
970.80, were placed at a price of R103.60 per share, at an effective
dividend rate of 70% of prime.
3. LISTING ON THE JSE LIMITED ("JSE")
The JSE has granted Standard Bank Group a listing of the 9 824 353
additional preference shares in the Specialist Securities - "Preference
Shares" sector with effect from Friday, 8 December 2006.
The preference shares will be allotted and issued, against receipt of
payment from their Central Securities Depository Participants, to
institutions who applied for preference shares, on Friday, 8 December 2006.
4. SUBCRIPTION FOR PREFERENCE SHARES BY DIRECTORS OF STANDARD BANK GROUP
In terms of section 3.63 of the JSE Listings Requirements, the following
directors participated in the private placement as set out below:
Name of directors Number of Aggregate Nature of
preference value holding
shares (R)
D D B Band* 19 320 2 001 552.00 Direct beneficial
M J D Ruck* 48 263 5 000 046.80 Direct beneficial
* Non-executive director
The required clearance in terms of section 3.66 of the JSE Listings
Requirements was obtained.
Johannesburg
7 December 2006
Investment bank and sponsor
Standard Bank
Independent lead sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 07/12/2006 03:26:04 PM Produced by the JSE SENS Department
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