Late Corporate Action Announcement - “RLN034”
The Standard Bank of South Africa Limited
Late Corporate Action Announcement - "RLN034"
Stock Code: RLN034
ISIN Code: ZAE000320693
The First Interim Period in respect of the RLN034 Notes ends on
22 March 2024. The Total First Interim Redemption Amount will
be paid on 22 March 2024.
On 22 March 2024, Standard Bank will pay ZAR600.00 per Note
("the Total First Interim Payment Amount") to the holders of
RLN034 Notes. Since the Total First Interim Payment Amount
includes repayment of 50% of the capital of the initial purchase
price of the Notes, the Issuer will on 22 March 2024 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: 22 March 2024
Total First Interim Payment Amount per Note: ZAR600.00
(comprising):
Capital Reduction amount
(ZAR500.00 Per Note): ZAR500.00
Interest Earned (20% Return on the Capital
Reduction amount) (ZAR100.00 Per Note): ZAR100.00
Last Day to Trade: 15 March 2024
Ex-date: 18 March 2024
Record Date: 20 March 2024
Payment Date: 22 March 2024
Dated: 07 March 2024
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: 07-03-2024 01:33:00
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