Corporate Action Correction Announcement - “SBRN58”
The Standard Bank of South Africa Limited
Corporate Action Correction Announcement - "SBRN58"
Stock Code: SBRN58
ISIN Code: ZAE000339321
This announcement replaces and supersedes the announcement made by The
Standard Bank of South Africa Limited ("Standard Bank"), as the issuer
of SBRN58 on the 26th of August 2025.
The First Interim Period is maturing on Monday, 15 September 2025. The
First Interim Redemption Amount will be paid on 15 September
2025.
On 15 September 2025, Standard Bank will pay ZAR32 982 770.00 in
respect of all the Notes (ZAR1,000.00 per note) ("the First Interim
Payment Amount") to the holders of SBRN58 Notes. Since the First
Interim Payment Amount includes 25% of the capital of the initial
purchase price of the Notes, the Issuer will on Wednesday, 10 September
2025,reduce the base costs of the Notes (that is the specified
denomination of the Notes) from ZAR1,000 per Note to ZAR 750.00 per
Note to account for the reduction in the initial capital used to
purchase these Notes.
First Interim Period
Maturity Date Monday, 17 September
2025
First Interim Payment Amount for all Notes: ZAR32 982 770.00
Capital Redemption Amount for all Notes ZAR27 951 500.00
Capital Redemption (Capital reduction)
Amount per Note ZAR250.00
Interest Earned (32% Coupon)on all Notes: ZAR5 031 270.00
Interest Earned (32% Coupon)per Note: ZAR45.00
Declaration Date: Tuesday, 26 August 2025
Last Day to Trade: Tuesday, 09 September
2025
Ex-date: Wednesday, 10 September
2025
Record Date: Friday, 12 September
2025
First Interim Payment Amount
Payment Date: Tuesday, 15 September
2025
Dated: Monday, 27 August 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: 27-08-2025 03:11:00
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