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Results of Annual General Meeting and Retirement of Director
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 Director
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 09h00
today, Tuesday 31 May 2022 were passed by the requisite majority of votes cast by shareholders.
As at Friday, 27 May 2022, 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 1 677 957 117,
(“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 (online) or by
submitting proxies was as follows:
- 1 355 304 971 Ordinary Shares, being 81% of issued Ordinary Shares (“Standard Bank Voteable
Ordinary Shares”); and
- 12 961 389 Preference Shares, being 24% 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
Ordinary
Total Ordinary Shares voted Shares
abstained
Directors For (%)(1) Against (%)(1) Number %(2) %(2)
1.1 Geraldine Fraser-Moleketi 99,74 0,26 1 352 265 156 80,59 0,18
1.2 Trix Kennealy 99,76 0,24 1 352 273 044 80,59 0,18
1.3 Li Li 99,49 0,51 1 352 281 176 80,59 0,18
1.4 Martin Oduor-Otieno 99,76 0,24 1 352 281 164 80,59 0,18
1.5 John Vice 99,40 0,60 1 352 281 019 80,59 0,18
2. Re-election of Group Audit Committee (GAC) Members
Ordinary
Total Ordinary Shares voted Shares
abstained
Directors For (%)(1) Against (%)(1) Number %(2) %(2)
2.1 Trix Kennealy 99,42 0,58 1 352 281 941 80,59 0,18
2.2 Martin Oduor-Otieno 99,43 0,57 1 352 280 569 80,59 0,18
2.3 John Vice 97,67 2,33 1 352 281 791 80,59 0,18
2.4 Nomgando Matyumza 99,53 0,47 1 352 278 519 80,59 0,18
2.5 Atedo Peterside 98,74 1,26 1 352 282 269 80,59 0,18
3. Ordinary Resolution – Re-appointment of external auditors
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
3.1 KPMG Inc. 71,82 28,18 1 352 288 850 80,59 0,18
3.2 PWC Inc. 77,20 22,80 1 352 283 702 80,59 0,18
4. Ordinary Resolution – Placing of authorised but unissued ordinary shares under the control of
the directors
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
88,05 11,95 1 352 275 941 80,59 0,18
5. Ordinary Resolution – Placing of authorised but unissued non-redeemable preference shares
under the control of the directors
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
97,89 2,11 1 352 275 824 80,59 0,18
6. Ordinary Resolution – Non-binding advisory vote on remuneration policy and implementation
report
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
6.1 Standard Bank Group’s
remuneration policy
75,50 24,50 1 351 512 634 80,55 0,22
6.2 Standard Bank Group’s
implementation report
75,91 24,09 1 352 244 233 80,59 0,18
7. Special Resolution – Approval of non-executive directors’ fees
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
7.1 Chairman
98,95 1,05 1 352 187 726 80,59 0,18
7.2 Directors
98,37 1,63 1 352 190 937 80,59 0,18
7.3 International Directors
92,80 7,20 1 352 189 976 80,59 0,18
7.4 Audit Committee
7.4.1 Chairman 99,85 0.15 1 352 190 426 80,59 0,18
7.4.2 Member
95,32 4,68 1 352 190 426 80,59 0,18
7.5 Directors’ Affairs
Committee
7.5.1 Chairman 98,24 1,76 1 352 190 329 80,59 0,18
7.5.2 Member
99,85 0,15 1 352 187 885 80,59 0,18
7.6 Remuneration
Committee
7.6.1 Chairman 98,24, 1,76 1 352 189 535 80,59 0,18
7.6.2 Member
95,32 4,68 1 352 241 315 80,59 0,18
7.7 Risk and Capital
Management
Committee
7.7.1 Chairman 99,88 0,12 1 352 189 052 80,59 0,18
7.7.2 Member
95,35 4,65 1 352 188 002 80,59 0,18
7.8 Social and Ethics
Committee
7.8.1 Chairman 98,27 1,73 1 352 191 580 80,59 0,18
7.8.2 Member
95,37 4,63 1 352 191 702 80,59 0,18
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
7.9 Engineering
Committee
7.9.1 Chairman 98,25 1,75 1 352 189 014 80,59 0,18
7.9.2 Member
95,23 4,77 1 327 497 305 79,11 1,66
7.10 Model Approval
Committee
7.10.1 Chairman 98,56 1,44 1 352 189 497 80,59 0,18
7.10.2 Member
95,32 4,68 1 352 189 497 80,59 0,18
7.11 Large Exposure
Credit Committee 99,82 0,18 1 352 186 352 80,59 0,18
7.12 Ad Hoc Committee
99,10 0,90 1 352 188 464 80,59 0,18
8. Special Resolution – General authority to acquire the Company’s ordinary shares
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
98,81 1,19 1 351 578 860 80,55 0,22
9. Special Resolution – General authority to acquire the Company’s preference shares
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
99,42 0,58 1 325 294 604 80,59 0,22
Preference
Total Preference Shares voted Shares
abstained
For (%)(3) Against (%)(3) Number %(4) %(4)
99,61 0,39 12 450 770 23,50 0,31
In regard to special resolution 9, the holders of Preference Shares were entitled to vote.
10. Special Resolution – Loans or other financial assistance to related or inter-related companies
Ordinary Shares
Total Ordinary Shares voted
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
98,92 1,08 1 352 268 299 80,59 0,18
11. Non-binding advisory resolution requisitioned by Aeon Investment Management and Just
Share NPC
Ordinary
Total Ordinary Shares voted Shares
abstained
Directors For (%)(1) Against (%)(1) Number %(2) %(2)
11.1By 31 March 2023, report
on the progress in
calculating financed
greenhouse gas
emissions from exposure
to oil and gas 99.75 0,25 1 351 635 578 80,55 0,22
11.2 By 31 March 2024,
disclosure of baseline
financed greenhouse gas
emissions from exposure
to oil and gas 99,74 0,26 1 351 636 623 80,55 0,22
11.3 By 31 March 2025 update
the Company’s Climate
Policy to include short-,
medium-, and long-term
targets for the Company’s
financed greenhouse gas
emissions from oil and gas,
aligned with the Paris
Agreement 99,74 0,26 1 351 546 149 80,55 0,22
(1) Expressed as a percentage of Standard Bank’s voteable Ordinary Shares for the resolution.
(2) Expressed as a percentage of 1 677 957 117 Standard Bank Issued Ordinary Shares.
(3) Expressed as a percentage of Standard Bank’s voteable Preference Shares for the resolution.
(4) Expressed as a percentage of 52 982 248 Standard Bank Issued Preference Shares.
RETIREMENT OF A DIRECTOR
In compliance with paragraph 3.59 of the JSE Limited (“JSE”) Listings Requirements and paragraph 6.39 of
the JSE Debt Listings Requirements and as announced on the Stock Exchange News Service on 31 March
2022, Standard Bank Group advises that Thulani Gcabashe retired as chairman and an independent non-
executive director at the close of the company’s Annual General Meeting held today, Tuesday, 31 May 2022.
The board extends its sincere appreciation to Thulani Gcabashe for his invaluable contribution to the group.
Johannesburg
31 May 2022
Lead sponsor
The Standard Bank of South Africa Limited
Independent Sponsor
JP Morgan Equities South Africa Proprietary Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited
Date: 31-05-2022 04:30:00
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