The Standard Bank of South Africa Limited - RLN019 - Partial Redemption
The Standard Bank of South Africa Limited - RLN019 - Partial Redemption
The Standard Bank of South Africa Limited
Corporate Action Announcement - "RLN019"
Stock Code: RLN019
ISIN Code: ZAE000317194
The First Interim Period in respect of the RLN019 Notes ends on
14 December 2023. The First Interim Redemption Amount will be
paid on 14 December 2023.
On 14 December 2023, Standard Bank will pay ZAR605.00 per Note
("the First Interim Payment Amount") to the holders of RLN019
Notes. Since the First Interim Payment Amount includes repayment
of 50% of the capital of the initial purchase price of the Notes,
the Issuer will on 14 December 2023 reduce the base costs of the
Notes (that is the specified denomination of the Notes) to
ZAR500.00 per Note to account for the reduction in the initial
capital used to purchase the Notes.
First Interim Period
Maturity Date: 14 December 2023
First Interim Payment Amount per Note: ZAR605.00
Capital Redemption amount
(ZAR500.00 Per Note): ZAR500.00
Interest Earned (21% Return on the Capital
Redemption amount) (ZAR105.00 Per Note): ZAR105.00
Last Day to Trade: 05 December 2023
Ex-date: 06 December 2023
Record Date: 08 December 2023
Payment Date: 12 December 2023
Dated: 29 November 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: 29-11-2023 02:40:00
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