Try our mobile app
The Standard Bank of South Africa Limited Corporate Action Announcement - “SBRN18” Stock Code: SBRN18 ISIN Code: ZAE000305884 All holders of SBRN18 notes, who hold these notes on 23 June 2023 (the Record Date for this Corporate Action) are advised that the First Interim Period ended on 19 June 2023 (“Maturity Date of First Interim Period”). Due to the 5-day settlement period between the Trade Date and the Issue Date, when acquiring the Notes, the First Interim Redemption Amount will be paid on 26 June 2023 applying the same 5-day settlement period between the Maturity Date of the First Interim Period, that is 19 June 2023, and the Payment Date of the First Interim Redemption Amount, that is 26 June 2023. On 26 June 2023, Standard Bank will pay ZAR1 400.00 per Note (“the First Interim Payment Amount”) to the holders of SBRN18 Notes. Since the First Interim Payment Amount includes 25% of the capital of the initial purchase price of the Notes, the Issuer will on 27 June 2023 reduce the base costs of the Notes (that is the specified denomination of the Notes) to ZAR3 750.00 per Note to account for the reductions in the capital pursuant to the First Interim Redemption. First Interim Period Maturity Date 19 June 2023 First Interim Payment Amount per Note: ZAR 1 400.00 Capital Amount Per Note repaid: ZAR 1 250.00 Interest Amount per Note paid: ZAR 150.00 Total First Interim Payment Amount: ZAR4 201 400.00 Total Capital Amount repaid: ZAR3 751 250.00 Total Interest Amount paid: ZAR 450 150.00 First Interim Payment Amount Settlement Date: 26 June 2023 Last Date to Trade: 20 June 2023 Ex Date: 21 June 2023 Record Date: 23 June 2023 Dated: 20 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
