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UBS AG - Notification of Potential Adjustment Event on UBS Long/Short Certificates on Naspers Limited (Long) vs. Tencent

Release Date: 20/09/2017 16:50
Code(s): UBTOMA     PDF:  
Wrap Text
Notification of Potential Adjustment Event on UBS Long/Short Certificates on Naspers Limited (Long) vs. Tencent

UBS AG, London Branch
(“UBS AG” or the “Company”)
(Incorporated and domiciled in Switzerland)
(Registration number: CH-270.3.004.646-4)

Notification of Potential Adjustment Event on UBS Long/Short Certificates
on Naspers Limited (Long) vs. Tencent Holdings Limited (Short)

Certificateholders of UBS Long/Short Certificates on Naspers Limited (Long)
vs. Tencent Holdings Limited (Short) are hereby advised of a Potential
Adjustment Event that may have a diluting or concentrative effect on the
theoretical value of the relevant Shares.

In accordance with Unbundling of Novus Holdings Limited Shares to Naspers
Shareholders announcement by Naspers Limited on 05 September 2017, the
initial cash component (C0) will change.

The Calculation Agent has determined details and effective date of the
adjustment as per the following:

Old cash component (in ZAR) = 1723.59

New cash component    (in   ZAR)    =   1723.59   +   adjustment   related   to   the
unbundling

The adjustment related to the unbundling will be determined in accordance
with the announcement by Naspers Limited on 05 September 2017. Certificate
holders will receive the value of the unbundling in the intended ratio of
0.34588 Novus shares for every one certificate multiplied by the reference
price of Novus Shares. The reference price will be determined based on the
VWAP of the Novus Shares traded on the JSE on Wednesday, 20 September 2017.

Effective date: 21 September 2017

The Potential Adjustment Event affects the following certificates:

INSTRUMENT NUMBER:   72205
ALPHA CODE:          UBNPNM
ISIN:                ZAE000248936

The Calculation Agent will determine the effect of the Potential Adjustment
Event and make the corresponding adjustments as determined appropriate to
account   for  this   event.  This   will  be   communicated  directly   to
Certificateholders. The adjustment may have an effect of the value of the
certificate.

For further information kindly contact:
UBS KeyInvest South Africa
Tel.: +27 11 322 7129 / 7317
E-mail: keyinvestza@ubs.com
Web: http://keyinvest-za.ubs.com/

Johannesburg
20 September 2017

Sponsor: UBS South Africa (Pty) Limited

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