TONNIA - Nedbank - Adjustment to the terms and con
JSE TNTNIA
NEDB
TONNIA - Nedbank - Adjustment to the terms and conditions of the Nedbank
Tongaat-
Hulett Limited Share Instalment
Nedbank Limited
Share Code: TONNIA
ISIN Code : ZAE000086583
ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE NEDBANK TONGAAT-HULETT LIMITED
SHARE INSTALMENT
As a result of the Tongaat-Hulett Group Limited (TNT) announcement of the BEE
pro rata share repurchase on the Tongaat-Hulett Limited. (TON)
Tongaat Hulett will undertake a pro rata repurchase of 4.5% of its issued share
capital by way of a scheme of arrangement. Tongaat-Hulett will acquire 4.5%
Tongaat-Hulett ordinary shares for every 100 Tongaat-Hulett ordinary shares held
by shareholders for R92.80 per Tongaat- Hulett ordinary share.
The Issuer will amend the TONNIA Share Instalment Terms and Conditions in the
following way:
Cash Payment: (R92.80 - R33.85 (The share instalment strike) x The number of
share instalments held.
Conversion Ratio: The conversion ratio will be changed from 1 to 1, to 0.955.
Existing Terms
JSE Code Conversion ratio Exercise Price
TONNIA 1 FOR 1 R33.85
New Terms
JSE Code Conversion ratio Exercise Price
TONNIA 1 FOR 0.955 R33.85
The last day to trade to be eligible for the BEE transaction is 29 June 2007.
The effective date of the adjustment will be 2 July 2007.
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of
the above-mentioned instalments.
22 June 2007
Date: 22/06/2007 16:33:01 Produced by the JSE SENS Department.
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