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STANDARD BANK OF SOUTH AFRICA LD - SCIB: Notice of rollover of Standard Bank share instalments

Release Date: 09/02/2017 10:00
Code(s): SOLSTM BILSTN AGLSTL SNHSTA     PDF:  
Wrap Text
SCIB: Notice of rollover of Standard Bank share instalments

THE STANDARD BANK OF SOUTH AFRICA LIMITED

09/02/2017

NOTICE OF ROLLOVER OF STANDARD BANK SHARE INSTALMENTS

The following instalments expired on 08th Feb 2017. Roll Ratios are:
                                                                                    
 Old instrument          ISIN             New Instrument                ISIN               Roll Ratio
                                                                                  
    AGLSTL               ZAE000212049        AGLSTM                  ZAE000239885             1.688
    BILSTN               ZAE000213880        BILSTO                  ZAE000239893             1.392
    SNHSTA               ZAE000212494        SNHSTB                  ZAE000239901             0.297
    SOLSTM               ZAE000213898        SOLSTN                  ZAE000239943             0.724


Number of new Share Instalments =
(Cash Settlement Amount / Price of new Share Instalment on the Expiration Date)*Number of existing
Share Instalments

Where:
Cash Settlement Amount = (the closing price of the Underlying Parcel on Expiration Date – the
Exercise Price of the expiring Share Instalment – any other fees and expenses the Warrantholder is
liable for in terms of the Conditions);
Price of new Share Instalment = closing price of the new Share Instalment on the Expiration Date of
the old Share Instalment determined by the Issuer as per the matrix offer price based off the closing
price of the Underlying Security. Note - This may differ from the closing price of the new Share
Instalment on the JSE as this level is set before the official close of the market at 5.00 p.m.

Please note:
     1. The new Share Instalments will take around 5 Business Days from the Expiration Date of the old series
        to be delivered into the Warrantholders account.


    Warrantholders should ensure that their holdings are registered prior to the Expiration Date as only registered Warrantholders
    will be entitled to the rollover. Share Instalments will be exercisable in accordance with the terms and conditions set out in
    the Common Terms Document, relevant Conditions Annexure/s and/or Supplements. All Share Instalments will be settled via
    STRATE. Please note that the Share Instalments that do not rollover will be settled in accordance with the provisions set out
    in the relevant Conditions Annexure/s and/or Supplements.


Copies of the warrant issue documentation may be
obtained from:
The Standard Bank Of South Africa Limited.
(Registration Number 1962/000738/06)
30 Baker Street, Rosebank
Johannesburg
2001

For further information contact :
Standard Bank Warrants
Tel 0800 111 780
e-mail : derivatives@standardbank.co.za
Sponsor: SBG Securities (Pty) Limited
(A subsidiary of the Standard Bank Group Limited)
(Registration Number: 1972/008305/07)
An authorised user of the JSE Limited

Date: 09/02/2017 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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