ACMB - Absa Corporate and Merchant - Amendments To
JSE
ACMB
ACMB - Absa Corporate and Merchant - Amendments To The Terms And Conditions Of
The Call Warrant Relating To The Ordinary Shares Of Barloworld Ltd
AMENDMENTS TO THE TERMS AND CONDITIONS OF THE CALL WARRANT RELATING TO THE
ORDINARY SHARES OF BARLOWORLD LTD
Following the announcement whereby holders of Barloworld Ltd shares (BAW) will
receive 1.8555 Pretoria Portland Cement Company Ltd (PPC) share for every
Barloworld (KMB) share held, Absa Bank Ltd (the Issuer) will amend the
conditions of the warrants listed below in the following way.
Before Adjustment
Underlying Share Warrant Type Expiry ISIN Cover Strike
1 Barloworld Ltd BAWABB AC 10 OCT 07 ZAE0000 39.77 18395
Share 93837
After Adjustment
Underlying Warrant Type Expiry ISIN Cover Strike
Basket
1 Barloworld Ltd BAWABB AC 10 OCT 07 ZAE0000 39.77 18395
Share + 1.8555 93837
PPC Share
Example
A Warrant holder of 39.77 BAWABB Warrants currently has the right to purchase 1
Barloworld Ltd share at an Exercise Price of R183.95 each, a total outlay of
R183.95. After the adjustment, a holder of 39.77 BAWABB Warrants will instead
have the right to purchase a basket of 1 Barloworld Ltd shares and 1.8555 PPC
Ltd shares at an Exercise Price of R183.95 per basket, also a total outlay of
R183.95.
The effect of the abovementioned adjustment is to place the warrant and share
instalment holders in the same position they would have been in had the
unbundling not taken place. This adjustment will be effective from 9 July 07.
For further information contact
Absa Equity Derivatives
Tel: (011) 221 9083/4/5
e-mail: derivatives@absa.co.za
Sponsor
Absa Capital - Corporate Finance
A division of Absa Bank Limited
Reg. No. 1986/004794/06"
Date: 10/07/2007 10:54:08 Produced by the JSE SENS Department.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
