The Standard Bank of South Africa Limited-Retail Note 2-RLN002-First Interest Payment and Partial Capital Redemption
The Standard Bank of South Africa Limited-Retail Note 2-RLN002-First Interest Payment and Partial Capital Redemption
The Standard Bank of South Africa Limited
Corporate Action Announcement - “RLN002”
Stock Code: RLN002
ISIN Code: ZAE000314233
The First Interim Period in respect of the RLN002 Notes ends on
31 August 2023. Due to the initial 5-day settlement period
between the Trade Date and the Issue Date, the First Interim
Payment Amount will be paid to holders of the Notes on
07 September 2023 applying the same 5-day settlement period but
this time between the First Interim Period End Date, that is
31 August 2023, and the Payment Date of the First Interim
Payment Amount, that is 07 September 2023.
On 07 September 2023, Standard Bank will pay ZAR600.00 per Note
(“the First Interim Payment Amount”) to the holders of RLN002
Notes. Since the First Interim Payment Amount includes repayment
of 50% of the capital of the initial purchase price of the Notes
(Partial Capital Redemption Amount), the Issuer will on
07 September 2023 reduce the base costs of the Notes (that is
the specified denomination of the Notes) from ZAR1 000.00 per
Note to ZAR500.00 per Note to account for the partial reduction
in the initial capital used to purchase the Notes.
First Interim Period
End Date 31 August 2023
First Interim Payment Amount per Note: ZAR600.00
Partial Capital Redemption Amount per Note: ZAR500.00
Interest Earned (20%)on the Partial
Capital Redemption Amount per Note: ZAR100.00
Last Day to Trade: 24 August 2023
Ex-Date: 25 August 2023
Record Date: 29 August 2023
Payment Date: 07 September 2023
Dated: 16 August 2023
Sponsor – The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
Johann Erasmus SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za
Date: 16-08-2023 08:45:00
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