Try our mobile app
The Standard Bank of South Africa Limited Corporate Action Announcement - “SBRN09” Stock Code: SBRN09 ISIN Code: ZAE000299962 The Second Interim Period is maturing on 15 June 2023. Due to the 5-day settlement period between the Trade Date and the Issue Date, the Second Interim Redemption Amount will be paid on 22 June 2023 applying the same 5-day settlement period between the Maturity Date of the Second Interim Period, that is 15 June 2023, and the Payment Date of the Second Interim Redemption Amount, that is 22 June 2023. On 22 June 2023, Standard Bank will pay ZAR5 900 000.00 (“the Second Interim Payment Amount”) to the holders of SBRN09 Notes. Since the Second Interim Payment Amount includes 25% of the capital of the initial purchase price of the Notes, the Issuer will on 23 June 2022 reduce the base costs of the Notes (that is the specified denomination of the Notes) to ZAR 2500.00 per Note to account for the reductions in the capital pursuant to the First and the Second Interim Redemptions. Second Interim Period Maturity Date 15 June 2023 Second Interim Payment Amount: ZAR5 900 000.00 Capital Amount: ZAR5,000,000.00 Interest Amount: ZAR 900,000.00 Second Interim Payment Amount Settlement Date: 22 June 2023 Last Date to Trade for Second Partial Redemption: 09 June 2023 Ex-Date for Second Partial Redemption: 12 June 2023 Record Date for Second Partial Redemption of the Notes: 14 June 2023 Dated: 07 June 2023 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
