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Maturing of Precious Metal ETNs
The Standard Bank of South Africa Limited
Maturing of ETNs
Stock Code:
SBAG1 (Gold ETN) - ISIN Code: ZAE000149308
SBAPD1 (Palladium ETN) – ISIN Code: ZAE000149332
SBAPL1 (Platinum ETN) – ISIN Code: ZAE000149324
SBAS1 (Silver ETN) – ISIN Code: ZAE000149316
(together the “Precious Metal ETNs”)
The Standard Bank of South Africa Limited (the “Issuer”) wishes to notify holders of the
Precious Metal ETNs issued on 10 August 2010 under its Domestic Medium Term Note
Programme dated 1 December 2010 (the “Programme Memorandum”) (as supplemented by
the relevant Applicable Pricing Supplement), that the Precious Metal ETNs will be maturing
on 11 August 2020.
The following information is relevant to the maturing Precious Metal ETNs:
1. the Precious Metal ETNs will mature in whole in accordance with the conditions of
the Applicable Pricing Supplement relating to each Precious Metal ETN on 11 August
2020;
2. the Last Day to Trade/Register as holder of the Precious Metal ETNs in order to be
eligible to receive the Final Redemption Amount will be 30 July 2020 at 17h00,
following which the books closed period will be from 31 July 2020 to 11 August 2020
(accordingly, if you buy a Precious Metal ETN after 30 July 2020, you will not receive
the Final Redemption Amount);
3. the Final Redemption Amount(s) will be determined on 11 August 2020 and be
published by SENS;
4. the Final Redemption Amount(s) will be paid to Strate Proprietary Limited (“Strate”)
on 13 August 2020, following which the Issuer will be discharged of its payment
obligations; and
5. each of the persons shown in the records of Strate and/or the Participants as the
holder of a particular number of Notes in respect of the Precious Metal ETNs as at
the commencement of the books closed period must look solely to Strate and/or the
relevant Participant for his/her/its share of each such payment so made by the Issuer
to, or to the order of, Strate.
6. The following dates will apply:
Last day to trade: Thursday, 30 July 2020
Suspension date: Friday, 31 July 2020
Record date: Tuesday, 04 August 2020
Determination date: Tuesday, 11 August 2020
Payment date: Thursday, 13 August 2020
Termination date: Friday, 14 August 2020
Investors in the Gold ETN, Palladium ETN and Platinum ETN should note that alternative
ETFs linked to Gold (share code ETFGLD), Platinum (share code ETFPLT) and Palladium
(share code (ETFPLD) as managed by 1nvest Fund Managers (owned by the Issuer) are
available as alternative investment options linked to the same underlying precious metal.
Should Investors wish to acquire more information about the precious metal ETFs or about
possible switch options from the Precious Metal ETNs to the precious metal ETFs prior to
the maturity, kindly contact the Issuer at africaetf@Standardbank.co.za or visit
www.1nvest.co.za
Capitalised terms which are used but not defined in this notice shall have the meaning
assigned to them in the respective Applicable Pricing Supplements or the Programme
Memorandum, as the case may be.
Dated 03 June 2020
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: 03-07-2020 02:00:00
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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.
