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THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank Of South Africa - Adjustment t the terms of Standard Bank warrants

Release Date: 28/02/2018 08:30
Code(s): EXXSBP EXXSBB EXXSBQ     PDF:  
 
Wrap Text
SCIB: The Standard Bank Of South Africa - Adjustment t the terms of Standard Bank warrants

The Standard Bank of South Africa Limited

2018/02/28

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK EXXARO RESOURCES LTD WARRANTS

Following the Exxaro Resources Ltd (“EXX”) announcement of a special dividend of
1255c.

Following this announcement, notice is hereby given that the terms of the EXX
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 27 February 2018.

The following warrants will be affected by this corporate action:

Existing Terms
                    JSE       Exercise     Conversion
    ISIN                                                    Expiry     Exercise Style
                    Code       Price         Ratio

 ZAE000253688       EXXSBB     R 170.00        80          02-Aug-18    American Call

 ZAE000250726       EXXSBP     R 130.00        65          05-Jun-18    European Put

 ZAE000254058       EXXSBQ     R 160.00        75          02-Aug-18    European Put



New Terms

                    JSE       Exercise     Conversion
     ISIN                                                   Expiry     Exercise Style
                    Code       Price         Ratio

 ZAE000253688       EXXSBB     R 155.52       73.19        02-Aug-18    American Call

 ZAE000250726       EXXSBP     R 118.93       59.46        05-Jun-18    European Put

 ZAE000254058       EXXSBQ     R 146.37       68.61        02-Aug-18    European Put



The Effective Date of the adjustment shall be 28th February 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.

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: 28/02/2018 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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