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Results of Annual General Meeting and retirement of directors
STANDARD BANK GROUP LIMITED
Registration number 1969/017128/06
Incorporated in the Republic of South Africa
Website: www.standardbank.com/reporting
SHARE CODES
JSE and A2X share code: SBK
ISIN: ZAE000109815
NSX share code: SNB
SBKP ZAE000038881 (First preference shares)
SBPP ZAE000056339 (Second preference shares)
("Standard Bank Group" or "the Company")
Results of Annual General Meeting and Retirement of Directors
Standard Bank Group is pleased to advise its shareholders that all the ordinary and special resolutions
proposed in the Notice of Annual General Meeting ("AGM") and tabled at the Company's AGM held at 10h00
today, Monday 10 June 2024, were passed by the requisite majority of votes cast by shareholders.
As at Friday, 31 May 2024, being the AGM record date ("Voting Record Date"), the Standard Bank Group's
share capital was as follows:
- the total number of ordinary shares of 10 cents each ("Ordinary Shares") in issue was
1 675 835 579, ("Standard Bank Issued Ordinary Shares"); and
- the total number of non-redeemable preference shares of 1 cent each ("Preference Shares") in issue
was 52 982 248, ("Standard Bank Issued Preference Shares").
The issued Ordinary and Preference Shares eligible to vote by being present in person or by submitting
proxies were as follows:
- 1 377 141 366 Ordinary Shares, being 82% of issued Ordinary Shares ("Standard Bank Voteable
Ordinary Shares"); and
- 10 872 889 Preference Shares, being 21% of the issued Preference Shares ("Standard Bank
Voteable Preference Shares").
The voting details with respect to the proposed resolutions were as follows:
1. Ordinary Resolution – Re-election of directors
Abstain % of Issued
Directors For (%) Against (%) Total Votes
(%)* Capital
1.1 Paul Cook 99.78% 0.22% 0.06% 1 365 336 822 81.47%
1.2 Martin Oduor-Otieno 99.73% 0.27% 0.06% 1 365 336 822 81.47%
1.3 Sola David-Borha 95.44% 4.56% 0.06% 1 365 336 822 81.47%
2. Ordinary Resolution – Re-election of Group Audit Committee members
Abstain % of Issued
Audit Committee Members For (%) Against (%) Total Votes
(%)* Capital
2.1 Lwazi Bam 94.48% 5.52% 0.06% 1 365 336 822 81.47%
2.2 Trix Kennealy 98.05% 1.95% 0.06% 1 365 336 822 81.47%
2.3 Nomgando Matyumza 98.93% 1.07% 0.06% 1 365 336 822 81.47%
2.4 Martin Oduor-Otieno 99.74% 0.26% 0.07% 1 365 137 642 81.46%
3. Ordinary Resolution – Appointment of external auditors
Abstain % of Issued
For (%) Against (%) Total Votes
(%)* Capital
3.1 PricewaterhouseCoopers 95.57% 4.43% 0.04% 1 365 675 369 81.49%
Inc.
3.2 Ernst & Young Inc. 100% 0% 0.04% 1 365 675 369 81.49%
4. Ordinary Resolution – Placing of authorised but unissued non-redeemable preference shares
under the control of the directors
% of Issued
For (%) Against (%) Abstain (%)* Total Votes
Capital
97.92% 2.08% 0.06% 1 365 264 005 81.47%
5. Ordinary Resolution – Placing of authorised but unissued ordinary shares under the control of
the directors
% of Issued
For (%) Against (%) Abstain (%)* Total Votes
Capital
88.04% 11.96% 0.04% 1 365 675 571 81.49%
6. Ordinary Resolution - General authority to issue authorised but unissued ordinary shares for
cash
% of Issued
For (%) Against (%) Abstain (%)* Total Votes
Capital
89.22% 10.78% 0.04% 1 365 675 571 81.49%
7. Non-binding Resolutions – advisory vote on remuneration policy and remuneration
implementation report
Abstain % of Issued
For (%) Against (%) Total Votes
(%)* Capital
7.1 Standard Bank Group's 89.92% 10.08% 0.04% 1 365 652 360 81.49%
remuneration policy
7.2 Standard Bank Group's 88.48% 11.52% 0.25% 1 362 075 689 81.28%
remuneration implementation
report
8. Special Resolution – Approval of non-executive directors' fees
Abstain % of Issued
For (%) Against (%) Total Votes
(%)* Capital
Standard Bank Group
8.1 Chairman 99.19% 0.81% 0.04% 1 365 621 460 81.49%
8.2 Directors of Standard 99.57% 0.43% 0.04% 1 365 621 460 81.49%
Bank Group
8.3 International Directors 94.68% 5.32% 0.04% 1 365 621 460 81.49%
8.4 Audit Committee
8.4.1 Chairman 99.91% 0.09% 0.04% 1 365 602 811 81.49%
8.4.2 Members 99.91% 0.09% 0.04% 1 365 623 691 81.49%
8.5 Directors' Affairs Committee
8.5.1 Members 99.91% 0.09% 0.04% 1 365 602 811 81.49%
8.6 Remuneration Committee
8.6.1 Chairman 99.91% 0.09% 0.04% 1 365 623 791 81.49%
8.6.2 Members 99.91% 0.09% 0.04% 1 365 623 791 81.49%
8.7 Risk & Capital Management Committee
8.7.1 Chairman 99.91% 0.09% 0.04% 1 365 623 791 81.49%
8.7.2 Members 99.91% 0.09% 0.04% 1 365 623 791 81.49%
8.8 Social, Ethics and Sustainability Committee
8.8.1 Chairman 99.89% 0.11% 0.04% 1 365 623 791 81.49%
8.8.2 Members 99.91% 0.09% 0.04% 1 365 623 791 81.49%
8.9 Information Technology Committee
8.9.1 Chairman 99.91% 0.09% 0.04% 1 365 623 791 81.49%
8.9.2 Members 99.91% 0.09% 0.04% 1 365 623 791 81.49%
8.10 Model Approval Committee
8.10.1 Chairman 99.91% 0.09% 0.04% 1 365 623 589 81.49%
8.10.2 Members 99.91% 0.09% 0.04% 1 365 623 589 81.49%
8.11 Large Exposure Credit Committee
Members 99.91% 0.09% 0.04% 1 365 623 589 81.49%
8.12 Ad Hoc Committee
Members 99.43% 0.57% 0.05% 1 365 424 409 81.48%
9. Special Resolution – General authority to acquire the Company's ordinary shares
% of
For (%) Against (%) Abstain (%)* Total Votes Issued
Capital
99.48% 0.52% 0.05% 1 365 497 288 81.48%
10. Special Resolution – General authority to acquire the Company's non-redeemable preference
shares
Total Ordinary Shares voted
% of
For (%) Against (%) Abstain (%)* Total Votes Issued
Capital
99.88% 0.12% 0.05% 1 365 476 408 81.48%
Total Preference Shares voted
% of
For (%) Against (%) Abstain (%)* Total Votes Issued
Capital
100.00% 0.00% 0.01% 10 866 596 20.51%
In regard to resolution 10 (special resolution), the holders of Preference Shares were entitled to vote.
11. Special Resolution – Loans or other financial assistance to related or inter-related companies
% of
For (%) Against (%) Abstain (%)* Total Votes Issued
Capital
99.29% 0.71% 0.04% 1 365 675 369 81.49%
* Based on the total number of shares in issue.
Retirement of Directors
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited and as previously
announced on SENS on 18 April 2024, Standard Bank Group confirms that Dr Xueqing Guan and Atedo
Peterside retired as directors at the close of the company's Annual General Meeting held today, Monday,
10 June 2024. The board extends its sincere gratitude to Dr Xueqing Guan and Atedo Peterside for their
exemplary leadership and immense contribution during their tenure on the board and board committees they
served on.
Dr Xueqing Guan and Atedo Peterside also retired from the board of The Standard Bank of South Africa
Limited at the close of its AGM on 23 May 2024.
Johannesburg
10 June 2024
JSE sponsor
The Standard Bank of South Africa Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited
Date: 10-06-2024 04:51:00
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