BAWABC - Absa capital - Amendments to the terms and conditions of the call
JSE
ACPL
BAWABC - Absa capital - 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 Freeworld Coatings Ltd (FWD) share for every Barloworld (BAW) 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 BAWABC AC 27 FEB 07 ZAE00010113 20 13000
Share 5
After Adjustment
Underlying Basket Warrant Type Expiry ISIN Cover Strike
1 Barloworld Ltd BAWABC AC 27 FEB 07 ZAE00010113 20 13000
Share + 1 Freeworld 5
Coatings (FWD)
Share
Example
A Warrant holder of 20 BAWABC Warrants currently has the right to purchase 1
Barloworld Ltd share at an Exercise Price of R130.00 each, a total outlay of
R130.00. After the adjustment, a holder of 20 BAWABC Warrants will instead have
the right to purchase a basket of 1 Barloworld Ltd shares and 1 FWD Ltd shares
at an Exercise Price of R130.00 per basket, also a total outlay of R130.00
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 03 Dec 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: 03/12/2007 14:03:01 Produced by the JSE SENS Department.
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