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SCIB: The Standard Bank Of South Africa - Adjustment to warrant terms
The Standard Bank of South Africa Limited
2019/01/09
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK BHP GROUP WARRANTS
Following the BHP GROUP (“BHP”) announcement of a special dividend of
1443.82020c.
Following this announcement, notice is hereby given that the terms of the BHP
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 08 January 2019.
The following warrants will be affected by this corporate action:
Existing Terms
ISIN JSE Code Exercise Price Conversion Ratio Expiry Exercise Style
ZAE000261996 BILSBE R 325.00 115 04-Apr-19 American Call
ZAE000266136 BHPSBA R 300.00 120 06-Aug-19 American Call
ZAE000261624 BILSBU R 285.00 110 04-Apr-19 European Put
ZAE000263455 BILSBV R 285.00 110 07-May-19 European Put
New Terms
ISIN JSE Code Exercise Price Conversion Ratio Expiry Exercise Style
ZAE000261996 BILSBE 309.43 109.49 04-Apr-19 American Call
ZAE000266136 BHPSBA 285.63 114.25 06-Aug-19 American Call
ZAE000261624 BILSBU 271.35 104.73 04-Apr-19 European Put
ZAE000263455 BILSBV 271.35 104.73 07-May-19 European Put
The Effective Date of the adjustment shall be 9th January 2019.
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.
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: 09/01/2019 08:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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