SCIB - The Standard Bank Of South Africa Limited -
JSE IPLSTB
SCIB
SCIB - The Standard Bank Of South Africa Limited - Adjustments To The Terms And
Conditions Of The Standard Bank Imperial Holdings Limited Share Instalments
The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK IMPERIAL HOLDINGS
LIMITED SHARE INSTALMENTS
Following the Imperial Holdings Limited ("IPL") unbundling announcement, IPL
shareholders will receive 1 EQSTRA ("EQS") share for every 1AIPL (1IPL) share
held.
Following this announcement, notice is hereby given that holders of 1 Imperial
Holdings share instalments ("IPLSTB") prior to the unbundling will receive 1
Eqstra share instalments ("EQSSTB"). The terms of the IPLSTB share instalment
and the new EQSSTB share instalment will be adjusted to place the share
instalment holder in the same financial position they were prior to the
unbundling. The terms of the new share instalment shall be determined at the
close of business on 12th May 2008.
The following share instalments will be affected by this corporate action:
Existing Terms
ISIN JSE Exercise Conversion Expiry Exercise
Code Price Ratio Style
ZAE000103677 IPLSTB 108 1:1 12-Sep-2008 American
Call
New Terms
ISIN JSE Exercise Conversion Expiry Exercise
Code Price Ratio Style
ZAE000103677 IPLSTB TBA 1:1 12-Sep-2008 American
Call
The last day to trade to qualify for the unbundling is the 9th May 2008. The
Effective Date of the adjustment shall be 12th May 2008.
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of
the above-mentioned share instalments.
This Notice together with the Common Terms Document and Conditions Annexure
record the terms and conditions of the agreement between the Parties. Any terms
used in this Notice which are defined in the Common Terms Document, Conditions
Annexure and the relevant Supplements 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: 08/05/2008 15:48:01 Produced by the JSE SENS Department.
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