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

Release Date: 12/12/2011 10:50
Code(s): JSE RDFSIGRDFSTB
Wrap Text

SCIB - The Standard Bank of South Africa Limited - Adjustments to the terms and conditions of The Standard Bank Redefine Properties Limited share instalments Following the Redefine Properties Limited ("RDF") announcement on the distribution of shares and debentures in Arrowhead Properties to Redefine linked unitholders, RDF share holders will receive 1 Arrowhead "A" linked unit and 1 Arrowhead "B" linked unit for every 31.70889 Redefine Properties Limited ("RDF") shares held. Following this announcement, notice is hereby given that the holders of RDFSTB and RDFSIG share instalments will not receive any shares but the value of the AWA and AWB shares will be used to reduce the Exercise Price of the Share Instalments to place the share instalment holders in the same financial position they were prior to the unbundling ex-date. The following share instalments will be affected by this corporate action: Existing Terms ISIN JSE Code Exercise Conversion Expiry Exercise Style Price Ratio ZAE000161683 RDFSTB R6.00 1:1 07-Nov-12 American Call ZAE000158606 RDFSIG R4.10 1:1 05-Sep-12 American Call New Terms ISIN JSE Code Exercise Conversion Expiry Exercise Style Price Ratio ZAE000161683 RDFSTB 5.68 1:1 07-Nov-12 American Call ZAE000158606 RDFSIG 3.78 1:1 05-Sep-12 American Call The Effective Date of the adjustment shall be 9th December 2011. The JSE Limited (JSE) Issuer Services Division has approved the adjustment of the above-mentioned share instalments. 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: 12/12/2011 10:50:48 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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