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STANDARD BANK OF SOUTH AFRICA LD - SCIB:Notice of rollover of Standard Bank share instalments

Release Date: 09/05/2013 10:35
Code(s): FSRSTG INPSTG MTNSTG OMLSTG     PDF:  
Wrap Text
SCIB:Notice of rollover of  Standard Bank share instalments

THE STANDARD BANK OF SOUTH AFRICA LIMITED

09/05/2013

NOTICE OF ROLLOVER OF STANDARD BANK SHARE INSTALMENTS

The following instalments expired on 8 May 2013. Roll Ratios are:

Old instrument New Instrument Roll Ratio
FSRSTG            FSRSTH                    1.185
INPSTG            INPSTH                    1.357
MTNSTG            MTNSTH                    1.154
OMLSTG            OMLSTH                    1.403



Number of new Share Instalments =
(Cash Settlement Amount / Price of new Share Instalment on the Expiration Date)*Number of existing
Share Instalments

Where:
          Cash Settlement Amount = (the closing price of the Underlying Parcel on Expiration Date – the
          Exercise Price of the expiring Share Instalment – any other fees and expenses the Warrantholder is
          liable for in terms of the Conditions);
            Price of new Share Instalment = closing price of the new Share Instalment on the Expiration Date of
          the old Share Instalment determined by the Issuer as per the matrix offer price based off the closing
          price of the Underlying Security. Note - This may differ from the closing price of the new Share
          Instalment on the JSE as this level is set before the official close of the market at 5.00 p.m.

Please note:
     1. The new Share Instalments will take around 5 Business Days from the Expiration Date of the old series
          to be delivered into the Warrantholders account.


 Warrantholders should ensure that their holdings are registered prior to the Expiration Date as only registered Warrantholders
 will be entitled to the rollover. Share Instalments will be exercisable in accordance with the terms and conditions set out in
 the Common Terms Document, relevant Conditions Annexure/s and/or Supplements. All Share Instalments will be settled via
 STRATE. Please note that the Share Instalments that do not rollover will be settled in accordance with the provisions set out
 in the relevant Conditions Annexure/s and/or Supplements.


Copies of the warrant issue documentation may be
obtained from:
The Standard Bank Of South Africa Limited.
(Registration Number 1962/000738/06)
3 Simmonds Street
Johannesburg
2001

For further information contact :
Standard Bank Warrants
Tel 0800 111 780
e-mail : derivatives@standardbank.co.za
Sponsor: SBG Securities (Pty) Limited
(A subsidiary of the Standard Bank Group Limited)
(Registration Number: 1972/008305/07)
An authorised user of the JSE Limited

Date: 09/05/2013 10:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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