To view the PDF file, sign up for a MySharenet subscription.

STANDARD BANK OF SOUTH AFRICA LD - SCIB: The Standard Bank Of South Africa - adjustment to Sibanye Gold LTD share instalment - SGLSTA

Release Date: 24/05/2017 08:20
Code(s): SGLSTA     PDF:  
Wrap Text
SCIB: The Standard Bank Of South Africa - adjustment to Sibanye Gold LTD share instalment - SGLSTA

The Standard Bank of South Africa Limited

2017/05/24

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK SIBANYE GOLD LTD SHARE INSTALMENTS

Following the Sibanye Gold Limited (“SGL”) announcement on the rights offer, SGL
shareholders will receive rights to take up 9 SGL shares for every 7 SGL shares held
at a price of R11.28 per share.

Following this announcement, notice is hereby given that the terms of the SGL
warrants will be adjusted to place the warrant holders 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 23rd May 2017.

The following share instalments will be affected by this corporate action:

Existing Terms
                  JSE      Exercise Conversion
 ISIN                                                Expiry      Exercise Style
                  Code      Price     Ratio

 ZAE000230561    SGLSTA    R 30.00         1        04-Oct-17    American Call


New Terms
                  JSE      Exercise Conversion
 ISIN                                                Expiry      Exercise Style
                  Code      Price     Ratio

 ZAE000230561    SGLSTA     15.84          1        04-Oct-17    American Call



The Effective Date of the adjustment shall be 24th May 2017.

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.

For further information contact:
Standard Bank
Warrants
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Issuer: The Standard Bank of South Africa Limited
Sponsor: SBG Securities (Pty) Ltd
(A subsidiary of the Standard Bank Group Limited)
(Incorporated in the Republic of South Africa, 13 March 1962, Registration number
1972/008305/07)

Date: 24/05/2017 08:20:00 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.

Share This Story