Directorate Change

Standard Bank Group Limited
18 April 2024
 

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.

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