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The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - “SBRN04”
Stock Code: SBRN04
ISIN Code: ZAE000290920
Final Redemption
Holders of the listed SBRN04 Equity Index Linked Notes (“the
Notes”) which are redeeming on 05 September 2023 are informed
that:
1. Option 1: A holder of the Notes who elected not to follow
Option 2 mentioned in the SENS Announcement of 19 July 2023,
but instructed Standard Bank to sell the ETFs on behalf of
the relevant holder and pay the redemption amount of such
sale of the ETFs to the relevant holder, will receive on
05 September 2023 (“the Maturity Date”) an amount of
ZAR5000.00 or 500 000 South African cents per Note held by
the relevant holder on the Record Date.
2. Option 2: A holder of the Notes who elected to receive
delivery of 1nVest Gold ETFs (ETFGLD) with ISIN:
ZAE000182523, which the relevant holder bought on the Trade
Date of the Notes and which will be adjusted to be equal to
the redemption value of the Notes, will receive 14.35 1nVest
Gold ETFs per Note held by the relevant holder, which will
be delivered by Standard Bank to the securities account of
the relevant holder on 05 September 2023 (“the Maturity
Date”).
After the payment of the sale proceeds of the ETFs (Option
1) on 05 September 2023 or the delivery of ETFs (Option 2)
on 05 September 2023, the Notes (SBRN04) will be de-listed
from the JSE on 06 September 2023.
Maturity Date (Delivery/Payment): On Tuesday,
05 September 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).
De-Listing Date: Wednesday, 06 September
2023
Dated: 30 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
