SCIB - The Standard Bank of South Africa - Adjustm
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SCIB
SCIB - The Standard Bank of South Africa - Adjustments To The Terms And
Conditions Of The Standard Bank Barloworld Share Instalments
The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK BARLOWORLD SHARE
INSTALMENTS
Following the Barloworld Ltd ("BAW") Freeworld Coatings Limited ("FWD")
unbundling announcement, BAW share holders will receive 1 Freeworld Coatings
Limited ("FWD") share for every 1 BAW shares held.
Following this announcement, notice is hereby given that holders of 1 Barloworld
Ltd share instalments ("BAWSTB") prior to the unbundling will receive 1 FWD
share instalment ("FWDSTB"). The terms of the BAWSTB and new FWDSTB share
instalments will be adjusted to place the share instalment in the same financial
position they were prior to the unbundling. The terms of the new share
instalments shall be determined at the close of business on 3rd December 2007.
The following share instalments will be affected by this corporate action:
Existing Terms
ISIN JSE Exercise Conversion Expiry Exercise Style
Code Price Ratio
ZAE0000109898 BAWSTB 98.50 1:1 27-Nov-2008 American Call
New Terms
ISIN JSE Exercise Conversion Expiry Exercise Style
Code Price Ratio
ZAE0000109898 BAWSTB TBA 1:1 27-Nov-2008 American Call
The last day to trade to qualify for the unbundling is the 30th November 2007.
The Effective Date of the adjustment shall be 3rd December 2007.
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of
the above-mentioned share instalments.
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.
Date: 30/11/2007 14:02:01 Produced by the JSE SENS Department.
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