REG - Standard Bank Group - Voluntary trading update, no change & AGM notice

Industrial and Commercial Bank of ChinaAnnouncement

31/03/2022 15:45

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RNS Number : 8146G  Standard Bank Group Limited  31 March 2022

Standard Bank Group Limited

31 March 2022

 

Voluntary trading update, No Change Statement and Notice of Annual General
Meeting

 

1.   Voluntary trading update

 

As at the date of reporting of the group's 2021 financial results (11 March
2022), ICBCS Standard Bank Plc (ICBCS), as an emerging markets and commodities
business, had exposure to certain entities which were impacted, directly and
indirectly, by the developments in Ukraine and Russia. Since then, ICBCS has
reduced the impacted counterparty positions and is actively managing the
related market risk.

 

The group has a 40% stake in ICBCS. We will provide a further update as part
of our 1Q22 update in late April 2022.

 

2.   No Change Statement

 

The consolidated audited annual financial statements of Standard Bank Group
Limited (the group) for the year ended 31 December 2021 on which KPMG Inc. and
PricewaterhouseCoopers Inc. expressed an unmodified opinion, were released on
Friday, 11 March 2022. The full audit opinion, including any key audit
matters, is available at
https://reporting.standardbank.com/results-reports/annual-reports/
(https://reporting.standardbank.com/results-reports/annual-reports/)   and at
the following link as part of the group's annual financial statements:

 

https://thevault.exchange/?get_group_doc=18/1646978093-SBG2021AnnualFinancialStatements.pdf
(https://thevault.exchange/?get_group_doc=18/1646978093-SBG2021AnnualFinancialStatements.pdf)

 

No modifications have been made to the audited annual financial statements
from the date of release to the date of this announcement.

 

An electronic version of the group's annual integrated report, governance and
remuneration report, risk and capital management report, environmental, social
and governance report, report to society and climate-related financial
disclosures will also be made available at www.standardbank.com/reporting
(http://www.standardbank.com/reporting) on Thursday, 31 March 2022.

 

3.   Annual General Meeting

 

Notice is hereby given that the 53rd Annual General Meeting (AGM) of Standard
Bank Group will be held on Tuesday, 31 May 2022 at 09h00. This will be a
meeting conducted virtually (i.e., entirely by electronic communication) due
to preventative measures as a result of the Covid-19 pandemic. This has been
done in the interest and wellbeing of all stakeholders as scientists have
predicted that South Africa will experience the fifth wave of Covid-19 towards
the end of April or early May 2022.

 

Shareholders wishing to participate will need to register on
https://meetnow.global/za (https://meetnow.global/za)  by clicking on the
Standard Bank logo or submitting a written notice via email to Computershare
at proxy@computershare.co.za.  Further details on how shareholders can access
the virtual meeting are included in the notice of AGM which is available from
Thursday, 31 March 2022 and a shareholders' guide to assist and provide
meeting participation guidelines will be made available at
https://reporting.standardbank.com/agm/
(https://reporting.standardbank.com/agm/) .  Should you have any further
questions, please send an email to groupsecretary@standardbank.co.za.

 

The summary information pertaining to the AGM is as follows:

 Issuer Name                                                                    Standard Bank Group Limited
 Type of Instrument                                                             Ordinary Shares & Preference Shares & Preference Shares
 ISIN Number                                                                    ZAE000109815
 JSE Code                                                                       SBK
 Meeting Type                                                                   Annual General Meeting
 Meeting Venue                                                                  Virtual Meeting
 Record Date - To determine which shareholders are entitled to receive the      25 March 2022
 Notice of meeting
 Publication/Posting Date                                                       Thursday, 31 March 2022
 Last day to Trade - Last day to trade to determine eligible shareholders that  Tuesday, 24 May 2022
 may attend, speak and vote at the Meeting
 Record Date  ̶  Record date to determine eligible shareholders that may        Friday, 27 May 2022
 attend, speak and vote at the Meeting
 Meeting deadline date (For administrative purposes, forms of proxy for the     09:00 on Monday, 30 May 2022
 meeting to be lodged)
 Meeting date                                                                   09:00 on Tuesday, 31 May 2022
 Publication of results                                                         Tuesday, 31 May 2022
 Website link                                                                   https://reporting.standardbank.com/agm/
                                                                                (https://reporting.standardbank.com/agm/)

 

 

 

For further information, please contact:

Ann Hunter

Standard Bank Group Limited

9th Floor

5 Simmonds Street, Johannesburg PO Box 2001

South Africa

Telephone number: +27 11 415 4194

 

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