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THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank Of South Africa - adjustment to terms of standard bank warrant

Release Date: 20/11/2018 14:15
Code(s): IPLSBA     PDF:  
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SCIB: The Standard Bank Of South Africa - adjustment to terms of standard bank warrant

The Standard Bank of South Africa Limited

2018/11/20

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK IMPERIAL HOLDINGS LTD WARRANTS

Following the Imperial Holdings Ltd (“IPL”)unbundling announcement, IPL holders
will receive 1 Motus Holdings Limited (“MTH”) for every 1 IPL held.

Following this announcement, notice is hereby given that all IPL warrants will be
traded as Basket Warrants where the price of the warrant will be calculated based on
the combined prices of IPL and MTH.

The following warrants will be affected by this corporate action:

Existing Terms:

                                                  Conversion
    ISIN           JSE Code       Exercise Price                 Expiry     Exercise Style
                                                    Ratio

ZAE000260881         IPLSBA        R 235.00          125       04-Apr-19     American Call


The last day to trade to qualify for the unbundling is the 21st November 2018. The
Effective Date of the adjustment shall be 22nd October 2018.

The JSE Limited (JSE) Issuer Services Division has approved the adjustment of the
above-mentioned warrants.

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.

For further information contact:
Standard BankWarrants
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

Date: 20/11/2018 02:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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