Try our mobile app
The Standard Bank of South Africa Limited Financial Instrument Redemption Announcement - “SBRN15” Stock Code: SBRN15 ISIN Code: ZAE000303343 Final Redemption SBRN15 Holders of the listed SBRN15 Equity Index Linked Notes (“the Notes”) which are redeeming on Monday, 07 April 2025 are informed that the level of the index was determined and calculated on Monday, 31 March 2025 as 197.15 and the FX Final Level was determined and calculated on 31 March 2025 as ZAR18.3661/USD1.00. Following this determination and calculation holders of the Notes are advised as follows: 1. Option 1: Holders who elected 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, will receive the relevant ETFs (allocated to their accounts on 07 April 2025). The holders will receive 69.951 1nvest MSCI World Index Feeder ETF per Note (ISIN ZAE000255170) allocated to their custody accounts on 07 April 2025. 2. Option 2: Holders who elected not to receive delivery of the ETFs on the Maturity Date (that is, not to follow Option 1), but elected to instruct Standard Bank to sell the ETFs on behalf of the holders of the Notes and pay the redemption amount of such sale of the ETFs to the holder of the Notes, will receive on 07 April 2025 an amount of 674 747.00 South African cents per the Note equivalent to the value of the relevant ETFs held by them on the Record Date. 3. Holders who did not make an election from options 1 to 2 by 12:00pm on 28 March 2025, option 2 will apply by default. 4. After the delivery of the ETFs (Option 1) on 07 April 2025 or payment of the sale proceeds of the ETFs (Option 2) on 07 April 2025, the Notes (SBRN15) will be de-listed from the JSE on Tuesday, 08 April 2025. Dated: Tuesday, 01 April 2025 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
