SCIB - Standard Bank - Treatment of the Edgars Con
SBTPV1ECOSBL
SCIB
SCIB - Standard Bank - Treatment of the Edgars Consolidated Stores Limited
Corporate Action
The Standard Bank of South Africa Limited
TREATMENT OF THE EDGARS CONSOLIDATED STORES LIMITED CORPORATE ACTION
Terms
ISIN JSE Code Exercise Conversion Expiry Exercise
Price Ratio Style
ZAE000089058 ECOSBL 41.00 10 for 1 8-May-07 American Call
Following the Edgars Consolidated Stores Limited ("ECO") delisting announcement,
shareholders of Edgars Consolidated Stores Limited will receive a cash payment
of 4600 cents per share on the 14th of May 2007.
Holders of the Edgars Consolidated Stores Limited Warrant ("ECOSBL") will
receive a cash payout of 50 cents per Warrant.
The warrant payout is calculated as follows:
(4600 - 4100) / 10 = 0.50
The payment will occur on 14th May 2007.
The last day to trade in the ECOSBL Warrant will be Friday 4th May 2007.
Trading of the Warrant will cease as well as expire as of close of business
Friday 4th May 2007.
For further information contact:
Standard Bank Warrants
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Sponsor: Standard Bank
Date: 03/05/2007 16:30:10 Produced by the JSE SENS Department.
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