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THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited Financial Instrument Final Redemption Announcement - SBRN21?

Release Date: 23/07/2025 08:00
Code(s): SBRN21     PDF:  
Wrap Text
The Standard Bank of South Africa Limited
Financial Instrument Final Redemption Announcement - “SBRN21”

The Standard Bank of South Africa Limited
Financial Instrument Final Redemption Announcement - "SBRN21"

Stock Code: SBRN21
ISIN Code: ZAE000308102


Final Redemption with Election

Holders of the listed SBRN21 Index Linked Notes ("the Notes")
which are redeeming on 18 August 2025 are reminded that:

Valuation Date:                       Monday, 11 August 2025
Valuation Rate Announcement by 11:00: Tuesday, 12 August 2025
Last Date to Trade:                   Tuesday, 12 August 2025
Suspension Date:                      Tuesday, 12 August 2025
Valuation Time:                       The time the Index Level
                                      is   published   on    the
                                      Valuation Date
Closing date for elections by 12:00: Friday, 15 August 2025
Record Date:                          Friday, 15 August 2025
Maturity Date (Delivery/Payment):     Monday, 18 August 2025
De-Listing Date:                      Tuesday,19 August 2025

Before or latest on Friday, 15 August 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. The holders are hereby notified that due to Valuation Date
     being on Monday, 11 August 2025, SBRN21 is suspended from
     today, Tuesday, 12 August 2025.

  2. Option 1: A holder of the Notes may elect to receive
     delivery of the SYGUK: ZAE000249520 ETFs which the relevant
     holder bought on the Trade Date of the Notes adjusted to
     be equal to the redemption value of the Notes. The SYGUK:
     ZAE000249520 ETFs will be delivered to such holder on
     18 August 2025 ("the Maturity Date").

  3. Option 2: A holder of the Notes may elect 1) not to receive
     delivery of the SYGUK: ZAE000249520 ETFs on the Maturity
     Date (that is, not to follow Option 1), but may elect to
     rather instruct Standard Bank to sell the SYGUK:
     ZAE000249520 ETFs on behalf of the holder of the Notes and
     pay the redemption amount of such sale of the SYGUK:
     ZAE000249520 ETFs to the holder of the Notes on
    18 August 2025 ("the Maturity Date") to the account of the
    holder.

  4. If Standard Bank receives no notice from either the
     holder's Independent Financial Advisor or the holder does
     not digitally elect before or on 08 August 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
     SYGUK: ZAE000249520 ETFs on behalf of such holder and make
     payment of the proceeds of the sale of such SYGUK:
     ZAE000249520 ETFs to the account of such holder on
     18 August 2025 ("the Maturity Date").

    After the delivery of the SYGUK: ZAE000249520 ETFs (Option
    1) or payment of the sale proceeds of the SYGUK:
    ZAE000249520 ETFs (Option 2) on 18 August 2025, the Notes
    (SBRN21) will be de-listed from the JSE.



Dated: 22 July 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: 23-07-2025 08:00:00
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