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RMB EXCHANGE TRADED NOTES - Full Redemption of RMB Oil Exchange Trade Note - OILRMB

Release Date: 17/06/2014 11:44
Code(s): OILRMB     PDF:  
Wrap Text
Full Redemption of RMB Oil Exchange Trade Note - OILRMB

RMB EXCHANGE TRADED NOTES


OILRMB - RMB OIL ETN 08DEC2015 - Redemption of RMB Oil ETN Units


Long name: "RMB OIL ETN 08DEC2015"
JSE Share code: OILRMB
ISIN: ZAE000152732


Full Redemption of RMB Coal Exchange Trade Note - OILRMB




Full Redemption
FirstRand Bank Limited, acting through its RMB division, is to redeem the RMB Oil Exchange Traded
Note (RMB Oil ETN).



Units Redeemed                                 Units Outstanding
                                               After Redemption


200 000                                        0




Unit holders are advised that the JSE Limited (“the JSE”) has approved the redemption of all RMB Oil
Exchange Traded Notes listed on the JSE.


The final terms and date of the redemption are as follows:


Last day of trade in Exchange Traded Notes (ETNs)                    25 July 2014
Suspension of market making and determination of final 
ETN redemption value(at close of business)                           28 July 2014


SENS announcement on the final ETN redemption value                  28 July 2014
Record date to determine the register of ETNs                        1 August 2014
Redemption of ETNs and distribution of proceeds                      5 August 2014
Termination of listing at commencement of trade on                   6 August 2014

Noteholders are entitled to disinvest up until the last day of trade, which will be on 25 July 2014.
Noteholders who choose not to disinvest on or before this date will receive the final redemption value as
at the redemption date. The proceeds of the redemption will be paid out to ETN holders on 5 August
2014.


Should you have any queries, please email rmbetns@rmb.co.za


17 June 2014
Johannesburg


Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)


         

Date: 17/06/2014 11:44:00 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,
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