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THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank Of South Africa - share instalment terms amendment - SGLSTB

Release Date: 11/04/2018 08:30
Code(s): SGLSTB     PDF:  
Wrap Text
SCIB: The Standard Bank Of South Africa - share instalment terms amendment - SGLSTB

The Standard Bank of South Africa Limited

2018/04/11

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

Following the Sibanye Gold Limited (“SGL”) announcement on the capitalisation
issue, SGL shareholders will receive 4 SGL shares for every 100 SGL shares held.

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 10th April 2018.

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

Existing Terms
                  JSE      Exercise Conversion        Exercise
ISIN                                           Expiry
                  Code      Price     Ratio            Style
                                                    04-     American
ZAE000249991 SGLSTB        R 12.00        1
                                                   Oct-18     Call

New Terms
                   JSE       Exercise    Conversion                Exercise
ISIN                                                   Expiry
                   Code       Price        Ratio                    Style
                                                       04-Oct-    American
ZAE000249991      SGLSTB      R 11.29         1
                                                         18         Call


The Effective Date of the adjustment shall be 11th April 2018.

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
This notice should be read together with the Common Terms Document, Conditions
Annexure and relevant Supplement which collectively record the terms and conditions
of the agreement between the Issuer and Warrantholders.
SCIB

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