Sharenet Sites
Sectors
Scanner
To view the PDF file, sign up for a MySharenet subscription.
Back to SENS 

FIRSTRAND BANK LIMITED - BKETNC BKETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

Release Date: 02/01/2025 10:55
Code(s): BHETNC BHETNQ     PDF:  
Wrap Text
BKETNC BKETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRTN
LEI: ZAYQDKTCATIXF9OQY690
JSE Alpha code: BKETNC             ISIN: ZAE000334447
JSE Alpha code: BKETNQ             ISIN: ZAE000334439
(FRB)

RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the BKETNC and BKETNQ exchange-traded notes (ETNs) are advised that on Tuesday, 31 December 2024,
Booking Holdings Inc paid a dividend of $8.75 per share. As per published guidance, this dividend was synthetically reinvested,
net of all taxes, charges and fees, for the ETNs at the US closing price on Tuesday, 31 December 2024. The result of the
synthetic dividend reinvestment is to increase the fractional number of shares each ETN references and no distribution or
payment will be made.

Dividend amount $8.75/share
Effective tax rate 15%
Reinvestment amount $7.4375/share
Reinvestment price $4968.42/share

The daily published net asset value (NAV) has already been updated to include the effect of the dividend being paid, which
can be viewed at:
https://www.rmb.co.za/page/inward-listed-etns

NAV formulae for the instruments can be found at:
https://www.firstrand.co.za/investors/debt-investor-centre/prospectuses-and-programme-memoranda/
https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/

2 January 2025

JSE Debt sponsor
FirstRand Bank Limited

Date: 02-01-2025 10:55:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.