Standard Bank Says Share Buyback Not an Immediate Intention
By Renee Bonorchis -
2012-05-31T10:46:09Z
Standard Bank Group Ltd. is not planning an immediate buyback of shares, Erik Larsen, the bank’s spokesman, said in a telephone interview from Johannesburg today.
Standard Bank directors “intend to repurchase shares either by the company or one of its subsidiaries,” Chairman Fred Phaswana said earlier today at the lender’s annual general meeting. Shareholders voted to approve the bank’s share- repurchase proposal.
To contact the reporter on this story: Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net
To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.