The Standard Bank of South Africa Limited
Financial Instrument Final Redemption Announcement -
"SBRN15"
Stock Code: SBRN15
ISIN Code: ZAE000303343
Final Redemption with Election
Holders of the listed SBRN15 Equity Index Linked Notes ("the
Notes") which are redeeming on 07 April 2025 are reminded that:
Valuation Date: Monday, 31 March 2025
Valuation Rate Announcement by 11:00: Tuesday, 01 April 2025
Valuation Time: The time the Index Level
is published on the
Valuation Date
Last Date to Trade: Tuesday, 25 March 2025
Suspension Date: Wednesday, 26 March 2025
Record Date: Friday, 28 March 2025
Closing date for elections by 12:00: Friday, 28 March 2025
Maturity Date (Delivery/Payment): Monday, 07 April 2025
De-Listing Date: Tuesday,08 April 2025
Before or latest on Friday, 28 March 2025 ("the Closing Date for
Elections"), holders of the Notes must elect which one of the
options below they wish to follow. Holders of the Notes may
either contact their financial advisors and request their
financial advisors to inform Standard Bank through their
standing communication channels about their clients' elections
or the holders may elect themselves digitally via their broker's
CSDP which of the following options they wish to follow:
1. Option 1: A holder of the Notes may elect to receive
delivery of the 1nvest MSCI World Index Feeder ETF which
the relevant holder bought on the Trade Date of the Notes
adjusted to be equal to the redemption value of the Notes.
The ETFs will be delivered to such holder on 07 April 2025
("the Maturity Date").
2. Option 2: A holder of the Notes may elect not to receive
delivery of the ETFs on the Maturity Date (that is, not to
follow Option 1), but may elect to rather instruct Standard
Bank to sell the ETFs on behalf of the holder of the Notes
and pay the redemption amount of such sale of the ETFs to
the holder of the Notes on 07 April 2025 ("the Maturity
Date") to the account of the holder.
If Standard Bank receives no notice from either the holder's
Independent Financial Advisor or the holder does not digitally
elect before or on 28 March 2025 Option 1 or Option 2 Standard
Bank will assume that the holder had elected Option 2 (which is
the default election) that is, that the holder had instructed
Standard Bank to sell the ETFs on behalf of such holder and make
payment of the proceeds of the sale of such ETFs to the account
of such holder on 07 April 2025 ("the Maturity Date").
After the delivery of the ETFs (Option 1) 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.
Dated: Wednesday, 12 March 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
Date: 12-03-2025 05:15:00
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