| Wed 20 Feb 2008, 16:28 | | SCIB - AEGSTB - Standard Bank - Adjustments To The Terms And Conditions Of The |
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JSE AEGSTB
SCIB
SCIB - AEGSTB - Standard Bank - 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 revised AVENG LTD ("AEG") announcement of the pro rata share
repurchase on the AVENG LTD ("AEG") shares, shareholders will be required to
sell 12.3% 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, AEGSTB, will accordingly be amended as follows:
Cash payout = (R61.58 - R48.75) * number of turbo share instalments held * 12.3%
(R48.75 is the Exercise Price of the turbo share instalment, AEGSTB)
The terms of the turbo share instalment, AEGSTB, will be adjusted by changing
the conversion ratio from 1 : 1 to 1 : 0.877.
Existing Terms
ISIN JSE Exercise Conversion Expiry Exercise Style
Code Price Ratio
ZAE000109864 AEGSTB 48.75 1 for 1 27-Nov-08 American Call
New Terms
ISIN JSE Exercise Conversion Expiry Exercise Style
Code Price Ratio
ZAE000109864 AEGSTB 48.75 1 for 27-Nov-08 American Call
0.877
In accordance with the revised announcement referred to above, the last day to
trade to be affected by the buyback transaction remained 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 replaces the previous adjustment notice made on 11th February 2008
in its entirety.
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: 20/02/2008 16:28:01 Produced by the JSE SENS Department.
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