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THE STANDARD BANK OF SOUTH AFRICA LIMITED - Financial Instrument Redemption Announcement - SBRN09?

Release Date: 25/11/2024 17:36
Code(s): SBRN09     PDF:  
Wrap Text
Financial Instrument Redemption Announcement - “SBRN09”

The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - "SBRN09"

Stock Code: SBRN09
ISIN Code: ZAE000299962


Final Redemption with Election


Holders of the listed SBRN09 Equity Index Linked Notes ("the
Notes") which are redeeming on 20 December 2024 are reminded
that:


Last Date   to Trade:                   Friday, 13 December 2024
Valuation   Date:                       Friday, 13 December 2024
Valuation   Rate Announcement by 11:00: Wednesday,   17  December
2024
Valuation   Time:                    The time the Index Level
                                     is   published    on   the
                                     Valuation Date
Suspension Date:                     Tuesday, 17 December 2024
Record Date:                         Thursday, 19 December 2024
Closing date for elections by 12:00: Wednesday,   19   December
2024
Maturity Date (Delivery/Payment):    Tuesday, 20 December 2024
De-Listing Date:                     Monday, 23 December 2024


Before or latest on 18 December 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 ETFs 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 20 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 20 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 18 December 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 20 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 20 December 2024, the Notes
(SBRN09) will be de-listed from the JSE.



Dated: 25 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: 25-11-2024 05:36:00
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