| Mon 11 Nov 2024, 16:15 | | Financial Instrument Final Redemption Announcement - “SBRN08” |
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Financial Instrument Final Redemption Announcement - “SBRN08”
The Standard Bank of South Africa Limited
Financial Instrument Final Redemption Announcement - "SBRN08"
Stock Code: SBRN08
ISIN Code: ZAE000299210
Final Redemption with Election
Holders of the listed SBRN08 Equity Index Linked Notes ("the
Notes") which are redeeming on 02 December 2024 are reminded
that:
Valuation Date: Monday, 25 November 2024
Valuation Rate Announcement by 11:00: Tuesday, 26 November 2024
Valuation Time: The time the Index Level
is published on the
Valuation Date
Last Date to Trade: Tuesday, 26 November 2024
Suspension Date: Wednesday, 27 November 2024
Record Date: Friday, 29 November 2024
Closing date for elections by 12:00: Friday, 29 November 2024
Maturity Date (Delivery/Payment): Monday, 02 December 2024
De-Listing Date: Tuesday,03 December 2024
Before or latest on Friday, 29 November 2024 ("the Closing Date
for Elections"), holders of the Notes must elect which one of
the options below they wish to follow. Holders of the Notes may
either contact their financial advisors and request their
financial advisors to inform Standard Bank through their
standing communication channels about their clients' elections
or the holders may elect themselves digitally via their broker's
CSDP which of the following options they wish to follow:
1. Option 1: A holder of the Notes may elect to receive
delivery of the 1nvest MSCI World ETFs (ISIN: ZAE000255170)
which the relevant holder bought on the Trade Date of the
Notes adjusted to be equal to the redemption value of the
Notes. The ETFs will be delivered to such holder on 02
December 2024 ("the Maturity Date").
2. Option 2: A holder of the Notes may elect 1) not to receive
delivery of the ETFs on the Maturity Date (that is, not to
follow Option 1), but may elect to rather instruct Standard
Bank to sell the ETFs on behalf of the holder of the Notes
and pay the redemption amount of such sale of the ETFs to
the holder of the Notes on 02 December 2024 ("the Maturity
Date") to the account of the holder. If Standard Bank
receives no notice from either the holder's Independent
Financial Advisor or the holder does not digitally elect
before or on 29 November 2024 Option 1 or Option 2 Standard
Bank will assume that the holder had elected Option 2 (which
is the default election) that is, that the holder had
instructed Standard Bank to sell the ETFs on behalf of such
holder and make payment of the proceeds of the sale of such
ETFs to the account of such holder on 02 December 2024
("the Maturity Date").
After the delivery of the ETFs (Option 1) or payment of the
sale proceeds of the ETFs (Option 2) on 02 December 2024,
the Notes (SBRN08) will be de-listed from the JSE.
Dated: 11 November 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: 11-11-2024 04:15:00
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