Stanbic Africa Holdings Limited tender offer to other shareholders of Stanbic Holdings Plc

Stanbic Africa Holdings Limited (SAHL) is an unlisted, wholly owned subsidiary of Standard Bank Group Limited (SBG). SAHL is registered in the United Kingdom and is the holding company for the majority by number of SBG's African subsidiary banks, including its current 60% shareholding in Stanbic Holdings Plc in Kenya.

Should you require recent financial or other information on SBG, please refer to our investor relations website.

Stanbic Holdings Plc is listed on the Nairobi Securities Exchange (sharecode CFC) and is the holding company for Stanbic Bank Kenya Limited and SBG Securities Limited.

Below please find the document/s containing the relevant details of the transaction in which SAHL is offering to acquire up to an additional fifteen per cent (15%) of the issued ordinary shares of Stanbic Holdings Plc through a Tender Offer which will be open to all other shareholders of Stanbic Holdings Plc (the Transaction).

The Transaction will open on Monday 21 May 2018 at 9:00 a.m. (GMT+3: Nairobi) and close in two phases:

  • First Closing: at 5:00 p.m. (GMT+3: Nairobi) on 11 June 2018
  • Second Closing: at 5:00 p.m. (GMT+3: Nairobi) on 3 July 2018


NOTE: SAHL will send printed copies of the detailed Tender Offer Document and a blank Tender Form to each shareholder at the address specified in the shareholders’ register as at 15 March 2018.


By accessing these documents, you acknowledge and understand that you are solely responsible for reading and ensuring that you understand these documents. While information has been provided to you in these documents in relation to the Transaction, you undertake to use your own judgment and to take your own independent advice from a suitably qualified financial adviser as to whether or not the Transaction described is appropriate or suitable to your current circumstances, financial needs or investment profile. You acknowledge and understand that neither SAHL nor any member of its broader company group is offering any advice to you, or making any recommendation or proposal to you, to the effect that the Transaction described in the documents is appropriate for or suitable to you. You should carefully consider all information at your disposal before making a decision to participate, or not to participate, in the Transaction.

These documents relate to the securities of a company incorporated under the laws of Kenya and is subject to the procedure and disclosure requirements of Kenyan law, and have been prepared in accordance with the Kenyan Capital Markets (Take-overs & Mergers) Regulations, 2002 for shareholders of Stanbic Holdings Plc. Since these documents have been prepared in accordance with Kenyan law, the information disclosed may not be the same as that which would have been prepared in accordance with the laws of any other jurisdiction. As a matter of policy, the Capital Markets Authority assumes no responsibility for the correctness of any statements or opinions made in these documents. Approval of the Offer is not to be taken as an indication of the merits of the tender offer or of a recommendation by the Capital Markets Authority to the shareholders of Stanbic Holdings Plc.

©2014 Standard Bank is a licensed financial services provider in terms of the Financial Advisory and Intermediary Services Act and a registered credit provider in terms of the National Credit Act, registration number NCRCP15.

Legal || Regulatory