The Standard Bank of South Africa Limited
Financial Instrument Final Redemption Announcement - “SBRN24”
The Standard Bank of South Africa Limited
Financial Instrument Final Redemption Announcement - "SBRN24"
Stock Code: SBRN24
ISIN Code: ZAE000309712
Final Redemption SBRN24
Holders of the listed SBRN24 Equity Index Linked Notes ("the
Notes") which are redeeming on Monday 06 October 2025 are
informed that the level of the index was determined and
calculated on Monday 29 September 2025 as 233.03
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 Monday 06 October 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 Monday 06 October 2025 an amount of 500,000
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 Friday 03 October 2025, option 2 will apply
by default.
4. After the delivery of the ETFs (Option 1) on 06 October
2025 or payment of the sale proceeds of the ETFs (Option
2) on 06 October 2025, the Notes (SBRN24) will be de-listed
from the JSE on Tuesday 07 October 2025.
Dated: Tuesday, 30 September 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: 30-09-2025 11:03:00
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.