| Mon 18 Feb 2008, 14:28 | | SCIB - AEGSTC - The Standard Bank of South Africa - Adjustments to the terms |
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JSE AEGSTC
SCIB
SCIB - AEGSTC - The Standard Bank of South Africa - Adjustments to the terms
and conditions of The Standard Bank Aveng Ltd Turbo share instalment
The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK AVENG LTD TURBO
SHARE INSTALMENT
Following the AVENG LTD ("AEG") announcement of the pro rata share
repurchase on the AVENG LTD ("AEG") shares, shareholders will be required to
sell 14% of their shares in AEG at a price of R61.58 per share.
Following this announcement, notice is hereby given that the terms of the
turbo share instalment, AEGSTC, will accordingly be amended as follows:
Cash payout = (R61.58 - R35.00) * number of turbo share instalments held *
14%
(R35.00 is the Exercise Price of the turbo share instalment, AEGSTC)
The terms of the turbo share instalment, AEGSTC, will be adjusted by
changing the conversion ratio from 1: 1 to 1 : 0.86.
Existing Terms
ISIN JSE Code Exercise Conversion Expiry Exercise Style
Price Ratio
ZAE000114591 AEGSTC 35.00 1 for 1 04-Jun-09 American Call
New Terms
ISIN JSE Code Exercise Conversion Expiry Exercise Style
Price Ratio
ZAE000114591 AEGSTC 35.00 1 for 0.86 04-Jun-09 American Call
The last day to trade to be affected by the buyback transaction is the
Friday the 15th February 2008. The Effective Date of the adjustment shall be
Monday 18th February 2008.
The JSE Limited (JSE) Issuer Services Division has approved the adjustment
of the above-mentioned turbo instalments.
This Notice together with the Common Terms Document, Conditions Annexure and
the relevant Supplements records the terms and conditions of the agreement
between the Parties. Any terms used in this Notice which are defined in the
Common Terms Document and Conditions Annexure 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.
Date: 18/02/2008 14:28:01 Produced by the JSE SENS Department.
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