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SCIB: The Standard Bank Of South Africa - NPN share installment terms adjustment
The Standard Bank of South Africa Limited
2021/08/02
Following the NASPERS LTD - N SHS (“NPN”) announcement relating to the
voluntary share exchange of PROSUS NV (“PRX”), NASPERS LTD - N SHS
shareholders are entitled to exchange their NPN ordinary shares for new ordinary
shares N in the new capital of Prosus.. The last day to trade NPN to participate in the
exchange offer is Tuesday 10 August 2021
Following this announcement, notice is hereby given that the terms of the NPN share
instalments will be adjusted to place the share instalment holders in the same financial
position as they would have been in prior to the tender offer. The share installments
will trade as a basket of NPN & PRX. With a ratio of 0.524108 NPN and 1.082384
PRX shares on the morning of the 17th August 2021
The following share instalments will be affected by this corporate action:
ISIN JSE Code Exercise Price Conversion Ratio Expiry Exercise Style
ZAE000291951 NPNSTA R 2,300.00 1 05-Oct-21 European Call
The Effective Date of the adjustment shall be 17th August 2021.
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: 16-08-2021 10:30:00
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