Standard Bank Group Limited
18 April 2024
RETIREMENT OF NON-EXECUTIVE DIRECTORS
Shareholders are advised that, in
accordance with the provisions of paragraph 3.59(b) of the JSE
Listings Requirements and paragraph 6.39(b) of the JSE Debt
Listings Requirements, Dr Xueqing Guan and Mr Atedo Peterside will
retire as directors at the conclusion of the Annual General
Meetings ("AGMs") of Standard Bank Group and The Standard Bank of
South Africa Limited ("SBSA"), scheduled to be held on 10 June 2024
and 23 May 2024 respectively.
Dr Guan and Mr Peterside are
required, in terms of the Memoranda of Incorporation of Standard
Bank Group and SBSA, to retire by rotation at the respective
companies' AGMs. Both directors have formally advised the Company
and SBSA that they will not make themselves available for
re-election. Consequently, they will step down from the boards and
board committees that they serve on at the conclusion of the
AGMs.
As indicated in the SENS announcement
dated 28 March 2024, the notice of the Standard Bank Group's AGM
will be published on 29 April 2024.
The boards of Standard Bank Group and
SBSA express sincere gratitude to Dr Guan and Mr Peterside for
their exemplary leadership and significant contribution during
their tenure on the boards; and wish them well in their future
endeavours.
For further information, please
contact:
Marc Hearn
Standard Bank Group Limited
9th Floor
5 Simmonds Street, Johannesburg PO Box 2001
South Africa
Telephone number: +27 11 344
5004
DISCLAIMER
This Announcement is not intended
to, and shall not, constitute or contain an offer to sell or
solicitation of an offer to purchase the securities referred to
herein by any person in any jurisdiction where it is unlawful to
make an offer or solicitation. The distribution of the Announcement
and the offer or sale of the securities referred to herein in
certain jurisdictions is restricted by law. This Announcement may
not be used for or in connection with, and does not constitute, any
offer to, or solicitation by, anyone in any jurisdiction or under
any circumstance in which such offer or solicitation is not
authorised or is unlawful.
In the United Kingdom, this
Announcement is being distributed only to, and is directed only at,
persons who are (i) investment professionals, as such term is
defined in Article 19(5) of the U.K. Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (as amended, the
Financial Promotion Order);
(ii) persons falling within Article 49(2)(a) to (d) ("high net
worth companies, unincorporated associations, etc.") of the
Financial Promotion Order; (iii) outside the United Kingdom; or
(iv) persons to whom an invitation or inducement to engage in
investment activity (within the meaning of Section 21 of the
Financial Services and Markets Act 2000) in connection with the
issue or sale of any Notes may otherwise lawfully be communicated
or caused to be communicated.
The securities referred to herein
have not been and will not be registered under the US Securities
Act of 1933, as amended (the Securities Act), or with any securities
regulatory authority of any state or other jurisdiction of the
United States, and may not be offered or sold in the United States
or to US persons (as such term is defined in Regulation S under the
Securities Act) except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the US
Securities Act. The issuer of the securities has not registered,
and does not intend to register, any portion of the offering in the
United States, and does not intend to conduct a public offering of
the securities in the United States.
Your right to access this service is
conditional upon complying with the above requirement.
