FIRSTRAND BANK LIMITED - FRBP01 - Publication of the ZAR 5 000 000 000 Preference Share Programme and Listing of New Financial Instrument

FRBP01 - Publication of the ZAR 5 000 000 000 Preference Share Programme and Listing of New Financial Instrument

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Stock code: FRBP01
ISIN: ZAE000279469
(FRB)


PUBLICATION OF THE ZAR 5 000 000 000 PREFERENCE SHARE PROGRAMME AND LISTING OF NEW
FINANCIAL INSTRUMENT


PUBLICATION OF THE ZAR 5 000 000 000 PREFERENCE SHARE PROGRAMME

FRB has received approval from the JSE Limited (JSE) in terms of its ZAR 5 000 000 000 preference share
programme dated 17 September 2019 (the preference share programme). The preference share programme is
available for inspection at the registered office of FRB and can also be accessed on their website at
https://www.firstrand.co.za/investors/debt-investor-centre/prospectuses-and-programme-memoranda/.       The
preference share programme will also be available for inspection on the JSE’s website at www.jse.co.za.


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FRB the listing of its class A cumulative, redeemable, non-participating preference shares, in
terms of its preference share programme, effective 28 October 2019. The FRBP01 applicable pricing supplement (the
pricing supplement) is available for inspection at the registered office of FRB and can also be accessed on their
website at https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/. The pricing supplement
will also be available for inspection on the JSE’s website at www.jse.co.za.

Instrument number:                           87793
Debt security code:                          FRBP01
ISIN:                                        ZAE000279469
Type of security:                            Class A cumulative, redeemable, non-participating preference
                                             shares
Issue/listing date:                          28 October 2019
Aggregate issue price:                       ZAR 2 809 000 000.00
Issue price per preference share:            ZAR 10 000.00
Number of preference shares:                 280 900
Dividend rate:                               65% of the prevailing prime rate from time to time
Dividend commencement date:                  28 October 2019
Dividend rate determination date(s):         The first business day of each dividend period and each date upon which
                                             there is any change to the prime rate (subject to line item 18 of the pricing
                                             supplement), with the first dividend rate determination date being 28
                                             October 2019
First dividend payment date:                 27 January 2020
Dividend payment date(s):                    The last Monday of January and July of each calendar year until the final
                                             redemption date
Last day to trade to receive dividends:      As set out in the dividend announcements that will be released in
                                             accordance with the JSE’s applicable procedures
Record date to receive dividends:            As set out in the dividend announcements that will be released in
                                             accordance with the JSE’s applicable procedures
Business day convention:                     The business day convention as described in condition 10.3 of the
                                             programme
Final redemption date:                       31 October 2022
Final redemption amount:                     Issue price
Other:                                       The pricing supplement contains changes to the terms and conditions as
                                             contained in the programme
Summary of additional terms:                 Please refer to the additional redemption events contained in the pricing
                                             supplement

Programme amount:                            ZAR 5 000 000 000.00
Aggregate issue price of all preference
shares in issue under the programme:         ZAR 0.00, excluding the issuance of this tranche of preference
                                             shares
Dealer:                                      FirstRand Bank Limited, acting through its Rand Merchant Bank division




18 October 2019

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 18/10/2019 04:00:00
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