Enhanced Investments - Financial Portal

SCIB: The Standard Bank Of South Africa LTD- Final redemption notice

Published: 2023-08-22 15:49:27 ET

The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - “SBRN03”

Stock Code: SBRN03
ISIN Code: ZAE000290599

SBRN03

FINAL POST REDEMPTION SENS ANNOUNCEMENT

Holders of the listed SBRN03 Equity Share Basket Linked Notes
(“the Notes”) which are redeeming on Friday 25 August 2023 are
reminded that:

Last Date to Trade:            Tuesday, 15 August 2023
Suspension Date:               Wednesday, 16 August 2023
Record Date:                   Friday, 18 August 2023
Closing Date for Elections:    Monday, 21 August 2023
Closing Time for Elections:    Before 12:00 noon on the
                               Closing Date which is
                               Monday, 21 August 2023 a holder
                               of a Note must inform the
                               Issuer of the holder’s election
                               of either Option 1 or Option 2
                               below.
Valuation Date:                Monday, 21 August 2023
Valuation Time:                Close of the regular trading
                               session of the Exchange on the
                               Valuation   Date,    which   is
                               Monday, 21 August 2023.

As per the SENS Announcement
of 07 August 2023:             1.   Noteholders   who   elected
                               Option 1 (that is, sell the ETFs
                               and pay the proceeds to the
                               Noteholder) each Noteholder who
                               elected Option 1, will receive
                               ZAR7 499.34 per Note.

                               2.   Noteholders   who   elected
                               Option 2 (that is, deliver the
                               ETFs    to   the    Noteholder’s
                               securities     account)     each
                               Noteholder who elected Option 2
                               will receive delivery of 245.4
                               ETFs per Note in the relevant
                               noteholder’s          securities
                               account.
Maturity Date (Delivery and
Payment Date):                 On Friday, 25 August 2023, the
                               Issuer will pay the proceeds of
                               the sale of the ETFs (if the
                               holder of the Notes elected
                               Option 1) or deliver the Number
                               of ETFs (if the holder of the
                               Notes elected Option 2) as set
                               out above.

De-Listing Date:               Monday, 28 August 2023

Dated: 22 August 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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.