Wrap Text
FRK02 - Finalisation Announcement in Respect of the FRK02 Notes
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
JSE company code: FRD
Alpha code: FRK02
ISIN: ZAE000275533
(FRB or the Issuer)
FINALISATION ANNOUNCEMENT IN RESPECT OF THE FRK02 NOTES
INTRODUCTION
Further to the announcements released on 3 May 2024, 31 May 2024, 7 June 2024, 14 June 2024 and
26 June 2024 (the previous announcements) by the Issuer, in respect of the election required by the
holders (FRK02 Noteholders) of the 44,429 One Ounce KrugerRand Notes due 12 August 2024 (FRK02
Notes), FRB would like to update the market with the following final details.
CALCULATION OF INTEREST AMOUNT
FRK02 Noteholders are advised that the cash value of the interest payment per FRK02 note is
R1 597.42 (159742.00 cents).
CALCULATION OF CAPITAL AMOUNT
FRK02 Noteholders are advised that the cash value of the capital payment per FRK02 note is
R45 590.67 (4559067.00 cents), which will be settled on Monday, 12 August 2019.
REMINDER OF THE PHYSICAL SETTLEMENT COLLECTION PROCESS
FRK02 Noteholders that have elected physical settlement in respect of the capital and interest payment
due on the FRK02 Notes are reminded to follow the process outlined below:
Elect a courier company to act on the behalf of the FRK02 Noteholder to collect the Krugerrand coins
due to such FRK02 Noteholder. FRK02 Noteholders are reminded that only one courier company from
this list can be elected by the FRK02 Noteholder for the collection of their Krugerrand coins:
Brink's (Southern Africa) Proprietary Limited
Notify the chosen courier company that the Krugerrand coins are to be collected at the premises of
Rand Refinery Limited ("Rand Refinery"), at Rand Refinery Road, Industries West, Germiston, Gauteng,
South Africa. The Krugerrand coins can only be on Friday, 2 August 2024 between 08h00 and 15h00
("Collection Date"). The FRK02 Noteholder must make their own collection arrangements with the
chosen courier company.
The FRK02 Noteholder must notify the Issuer (by email to RMBFRKNoteElections@rmb.co.za) of the
following details:
FRK02 Noteholder full name;
the number of FRK02 Notes held;
the FRK02 Noteholder's CSDP;
the chosen courier company; and
provide a confirmation from the courier company (acting on behalf of the FRK02 Noteholder) that the
Krugerrand coins will be collected on the Collection Date; and
Any other documentation which may be required at the time of collection.
FRK02 Noteholders are reminded that the Issuer will not be liable for non-delivery of the Krugerrand
coins from the point at which these are collected by the chosen courier company at Rand Refinery's
premises.
Failure to strictly comply with the collection process outlined above, or to collect the Krugerrand coins
as per point 2 above, will result in the Krugerrand coins in respect of the capital and interest payment
due on the FRK02 Notes being sold. The cash value realised from the sale, less any costs incurred by
the Issuer in the sale process, will be paid to the relevant FRK02 Noteholders by no later than 10h00
on Monday, 12 August 2024, in accordance with the terms and conditions of the FRK02 Notes.
SALIENT DATES
The remainder of the salient dates apply:
Timetable Dates
FRK02 Notes interest and capital for cash settlement amounts Tuesday, 30 July 2024
calculation date:
Finalisation date: Wednesday, 31 July 2024
Collection date in respect of the Kruger coins for those FRK02
Noteholders that elected physical settlement or did not make an
election between 08h00 and 15h00 on: Friday, 2 August 2024
All Krugerrand coins in respect of the capital payment not collected
to be sold by the Issuer with effect from 09h00 on: Monday, 5 August 2024
Interest and capital payment date of the FRK02 Notes: Monday, 12 August 2024
Cash value of the capital amount paid to FRK02 Noteholders who
elected cash settlement: Monday, 12 August 2024
Cash value of Krugerrand coins in respect of the capital payment,
less costs incurred by the Issuer in the sale process, to be paid to
the relevant FRK02 Noteholder's account by no later than 10h00 on: Monday, 12 August 2024
Maturity date of the FRK02 Notes: Monday, 12 August 2024
Termination date of the FRK02 Notes: Tuesday, 13 August 2024
31 July 2024
Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)
Date: 31-07-2024 10:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
