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

Release Date: 09/10/2015 09:55
Code(s): NPNSTI RDFSTE     PDF:  
Wrap Text
SCIB: THE STANDARD BANK OF SOUTH AFRICA - Notice of rollover of Standard Bank share instalments

THE STANDARD BANK OF SOUTH AFRICA LIMITED

09/10/2015

NOTICE OF ROLLOVER OF STANDARD BANK SHARE INSTALMENTS

The following instalments expired on 7th October 2015. Roll Ratios are:

Old instrument          New Instrument                    Roll Ratio
RDFSTE                  RDFSTF                            0.987
NPNSTI                  NPNSTJ                            1.157

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)
30 Baker Street, Rosebank
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: 09/10/2015 09:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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