SBKAID - Absa - Scheme Arrangement announcement in relation to the Standard Bank
JSE SBKAID
ACPL
SBKAID - Absa - Scheme Arrangement announcement in relation to the Standard Bank
Ltd (SBK) Share Instalments
Absa Bank Limited
ISIN: ZAE000103628
Code: SBKAID
ANNOUNCEMENT IN RELATION TO THE STANDARD BANK LTD SHARE INSTALMENTS
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 per share, leaving
the holders of SBKAID with the same cash position before and after the corporate
action.
The holders SBKAID position is adjusted as follows:
LDT Spot: R94.50
Ex Spot: R89.31
Price LDT: R44
Price Ex: R39.03
For every 9 SBKAID`s held, Absa Bank Limited will buy back 1 SBKAID at R83.76,
thus keeping the cash position the same before and after the corporate action.
LDT EX
Price R44 R39.03
Position 9 8
Value R396 R312.24 (8x39.03) + cash
R89.31 = R396
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: 26/02/2008 10:45:03 Produced by the JSE SENS Department.
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