SBK - Standard Bank Group Limited - Trading statement in respect of the year
SBK
SBK
SBK - Standard Bank Group Limited - Trading statement in respect of the year
ended 31 December 2011
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
South African Share Code: SBK
Namibian Share Code: SNB
ISIN: ZAE000109815
("Standard Bank Group" or "the group")
Trading statement in respect of the year ended 31 December 2011
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited,
an issuer is required to publish a trading statement as soon as it is
satisfied that a reasonable degree of certainty exists that headline earnings
per share and earnings per share for the next period to be reported on are
expected to differ by at least 20% from those of the previous corresponding
period.
Standard Bank Group will be releasing its financial results for the year
ended 31 December 2011 on the Securities Exchange News Service on Thursday, 8
March 2012.
The group anticipates that normalised headline earnings for the year ended 31
December 2011 will be approximately 20% higher than the previous
corresponding period. With respect to results on an International Financial
Reporting Standards basis, shareholders are advised that Standard Bank
Group`s earnings per share, headline earnings per share ("HEPS") and diluted
HEPS are expected to be between 18% and 22% higher than the comparative
figures for the year ended 31 December 2010.
Normalised earnings reflect the legal and economic substance of the group`s
Black Ownership Initiative and of deemed treasury shares held for the benefit
of Liberty Holding Limited policyholders and to facilitate client trading
activities.
Shareholders are advised that the financial information on which this trading
statement is based has not been reviewed and reported on by the group`s
external auditors.
Johannesburg
23 February 2012
Lead sponsor
The Standard Bank of South Africa Limited
Independent sponsor
Deutsche Securities (SA) Proprietary Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited
Date: 23/02/2012 07:50:18 Produced by the JSE SENS Department.
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