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THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited Financial Instrument Final Redemption Announcement - SBRN24?

Release Date: 30/09/2025 11:03
Code(s): SBRN24     PDF:  
Wrap Text
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
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