| Tue 22 Aug 2023, 14:49 | | SCIB: The Standard Bank Of South Africa LTD- Final redemption notice |
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SCIB: The Standard Bank Of South Africa LTD- Final redemption notice
The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - “SBRN03”
Stock Code: SBRN03
ISIN Code: ZAE000290599
SBRN03
FINAL POST REDEMPTION SENS ANNOUNCEMENT
Holders of the listed SBRN03 Equity Share Basket Linked Notes
(“the Notes”) which are redeeming on Friday 25 August 2023 are
reminded that:
Last Date to Trade: Tuesday, 15 August 2023
Suspension Date: Wednesday, 16 August 2023
Record Date: Friday, 18 August 2023
Closing Date for Elections: Monday, 21 August 2023
Closing Time for Elections: Before 12:00 noon on the
Closing Date which is
Monday, 21 August 2023 a holder
of a Note must inform the
Issuer of the holder’s election
of either Option 1 or Option 2
below.
Valuation Date: Monday, 21 August 2023
Valuation Time: Close of the regular trading
session of the Exchange on the
Valuation Date, which is
Monday, 21 August 2023.
As per the SENS Announcement
of 07 August 2023: 1. Noteholders who elected
Option 1 (that is, sell the ETFs
and pay the proceeds to the
Noteholder) each Noteholder who
elected Option 1, will receive
ZAR7 499.34 per Note.
2. Noteholders who elected
Option 2 (that is, deliver the
ETFs to the Noteholder’s
securities account) each
Noteholder who elected Option 2
will receive delivery of 245.4
ETFs per Note in the relevant
noteholder’s securities
account.
Maturity Date (Delivery and
Payment Date): On Friday, 25 August 2023, the
Issuer will pay the proceeds of
the sale of the ETFs (if the
holder of the Notes elected
Option 1) or deliver the Number
of ETFs (if the holder of the
Notes elected Option 2) as set
out above.
De-Listing Date: Monday, 28 August 2023
Dated: 22 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: 22-08-2023 02:49:00
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