The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - “SBEN39”
The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - “SBEN39”
The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - "SBEN39"
Stock Code: SBEN39
ISIN Code: ZAE000336624
Additional Final Redemption SBEN39 SENS Announcement to the SENS
Announcement on Friday 20 June 2025.
Holders of the listed SBEN39 Equity Index Linked Notes ("the
Notes") which are redeeming on 26 June 2025 are informed that
the level of the index was determined and calculated on 19 June
2025 as 484.1164 and the FX Final Level was determined and
calculated on 20 June 2025 as ZAR17.9936/USD1.00.
Following this determination and calculation holders of the
Notes are advised as follows:
1. Option 1: Holders who elected to receive delivery of the ETFs
which the relevant holder bought on the Trade Date of the
Notes adjusted to be equal to the redemption value of the
Notes, will receive the relevant ETFs (allocated to their
accounts on 26 June 2025).
2. Option 2: Holders who elected not to receive delivery of the
ETFs on the Maturity Date (that is, not to follow Option 1),
but elected to instruct Standard Bank to sell the ETFs on
behalf of the holders of the Notes and pay the redemption
amount of such sale of the ETFs to the holder of the Notes,
will receive on 26 June 2025 an amount of 112 171.83 South
African cents per the Note equivalent to the value of the
relevant ETFs held by them on the Record Date.
3. Holders who did not make an election from options 1 to 2 by
12:00pm on 18 June 2025, option 2 will apply by default.
4. After the delivery of the ETFs (Option 1) on 26 June 2025 or
payment of the sale proceeds of the ETFs (Option 2) on 26
June 2025, the Notes (SBEN39) will be de-listed from the JSE
on 27 June 2025.
Dated: Monday, 23 June 2025
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: 23-06-2025 11:20:00
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