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SCIB - The Standard Bank of South Africa - Adjustments to the terms and

Release Date: 02/06/2008 10:43
Code(s): JSE ANGSBPANGSBJ
Wrap Text

SCIB - The Standard Bank of South Africa - Adjustments to the terms and conditions of The Standard Bank Anglo Gold Ashanti warrants The Standard Bank of South Africa Limited ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK ANGLO GOLD ASHANTI WARRANTS Following the Anglo Gold Ashanti ("ANG") Rights Offer announcement, ANG share holders will receive rights to take up 0.246403 Anglo Gold Ashanti ("ANG") shares at a price of R194.00 for every 1 ANG shares held. Following this announcement, notice is hereby given that the the terms of the ANG warrants will be adjusted to place the warrant holder in the same financial position they were prior to the rights offer ex-date. The terms of the warrants shall be determined at the close of business on 30th May 2008. The following warrants will be affected by this corporate action: Existing Terms ISIN JSE Exercise Conversion Expiry Exercise Style Code Price Ratio
ZAE000115274 ANGSBI R290.00 110:1 6 Aug 2008 American Call ZAE000119624 ANGSBJ R310.00 120:1 5 Nov 2008 American Call ZAE000119517 ANGSBP R275.00 85:1 5 Nov 2008 European Put New Terms ISIN JSE Exercise Conversion Expiry Exercise Style Code Price Ratio ZAE000115274 ANGSBI 271.49 102.98 6 Aug 2008 American Call ZAE000119624 ANGSBJ 290.21 112.34 5 Nov 2008 American Call ZAE000119517 ANGSBP 257.45 79.57 5 Nov 2008 European Put The last day to trade before this adjustment is made will be 30th May 2008. The Effective Date of the adjustment shall be 2nd June 2008. The JSE Limited (JSE) Issuer Services Division has approved the adjustment of the above-mentioned warrants. This Notice together with the Common Terms Document and Conditions Annexure record the terms and conditions of the agreement between the Parties. Any terms used in this Notice which are defined in the Common Terms Document, Conditions Annexure and the relevant Supplements shall bear the meaning ascribed to them therein, unless specifically stated otherwise herein. Other than as set out herein, the terms and conditions set out in the Common Terms Document, Conditions Annexure and relevant Supplements remain unchanged and in full force and effect. Please note that Share Instalments are subject to selling restrictions and prospective purchases are referred to the relevant Conditions Annexure for details of such restrictions. Date: 02/06/2008 10:43:59 Supplied by www.sharenet.co.za 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, information disseminated through SENS.

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