IPLABD - Absa capital - Amendments To The Terms An
JSE IPLABD
ACPL
IPLABD - Absa capital - Amendments To The Terms And Conditions Of The Call
Warrant Relating To The Ordinary Shares Of Imperial Holdings Ltd
Absa capital
AMENDMENTS TO THE TERMS AND CONDITIONS OF THE CALL WARRANT RELATING TO THE
ORDINARY SHARES OF IMPERIAL HOLDINGS LTD
Following the announcement whereby holders of Imperial Holdings Ltd shares (IPL)
will receive 1 Eqstra (EQS) share for every Imperial (IPL) share held; Absa Bank
Ltd (the Issuer) will amend the conditions of the warrants listed below in the
following way.
Before Adjustment
Underlying Share Warrant Type Expiry ISIN Cover Strike
1 Imperial IPLABD AC 03Sept 08 ZAE000114369 16 8500
Holdings Ltd
Share
After Adjustment
Underlying Basket Warrant Type Expiry ISIN Cover Strike
1 Imperial IPLABD AC 03Sept 08 ZAE000114369 16 8500
Holdings Ltd
Share + 1 Eqstra
(EQS) Share
Example
A Warrant holder of 16 IPLABD Warrants currently has the right to purchase 1
Imperial Holdings Ltd share at an Exercise Price of 8500 each, a total outlay of
8500. After the adjustment, a holder of 16 IPLABD Warrants will instead have the
right to purchase a basket of 1 Imperial Holdings Ltd shares and 1 Eqstra shares
at an Exercise Price of 8500 per basket, also a total outlay of 8500
The effect of the abovementioned adjustment is to place the warrant and share
instalment holders in the same position they would have been in had the
unbundling not taken place. This adjustment will be effective from 12 May 07.
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: 12/05/2008 14:55:03 Produced by the JSE SENS Department.
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