Standard Bank of South Africa Limited Financial Instrument Redemption Announcement

Strategic Insights -

As the Johannesburg Stock Exchange announces the impending redemption of the listed SBEN39 Equity Index Linked Notes, holders are notified of the determination and calculation of the index and foreign exchange (FX) final level. The redemption process, which includes payment and de-listing of the notes, is set to take place on 26 June 2025.

Key Takeaways:

  • The level of the index was determined and calculated on 19 June 2025 as 484.1164.
  • The FX final level was determined and calculated on 20 June 2025 as ZAR17.9936/USD1.00.
  • Holders who elected to receive delivery of the ETFs will receive the relevant ETFs (allocated to their accounts on 26 June 2025).
  • Holders who elected not to receive delivery of the ETFs will receive an amount of 112 171.83 South African cents per the Note equivalent to the value of the relevant ETFs held by them on the Record Date.
  • Holders who did not make an election from options 1 to 2 by 12:00pm on 18 June 2025, option 2 will apply by default.
  • The Notes will be de-listed from the JSE on 27 June 2025.
  • Johann Erasmus, SBSA (Sponsor), is available for further information on the Notes issued.

Statistics:

  • Index level: 484.1164
  • FX final level: ZAR17.9936/USD1.00
  • Redemption amount per Note: 112 171.83 South African cents
  • Date of redemption: 26 June 2025
  • Date of de-listing: 27 June 2025

Sources:

  • Johannesburg Stock Exchange
  • The Standard Bank of South Africa Limited Financial Instrument Redemption Announcement - "SBEN39"