SBKABK - Absa - Announcement in relation to the Standard Bank Ltd (SBK) Warrants
JSE SBKABK
ACPL
SBKABK - Absa - Announcement in relation to the Standard Bank Ltd (SBK) Warrants
Absa Bank Limited
ISIN: ZAE000114435
Code: SBKABK
ANNOUNCEMENT IN RELATION TO THE STANDARD BANK LTD WARRANTS
As a result of the Standard Bank Group Limited corporate action, all Standard
Bank holdings will be decreased by 11.11% at a price of R136. SBKABK will be
adjusted accordingly.
The following adjustments have been made:
Prior to Corporate Following
Action Corporate Action
Warrant Code SBKABK SBKABK
Strike Price 10000 9450
Expiry Date 03 Sep 08 03 Sep 08
Cover Ratio 16:1 15.14:1
Call/Put Call Call
Style American American
Issue Size 100 million 100 million
The effect of the abovementioned adjustment is to place the Warrant holders in
the same position it would have been in had the corporate action not been taken
place.
This adjustment will be effective from 25 Feb 2008
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: 25/02/2008 14:24:01 Produced by the JSE SENS Department.
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