SCIB - Standard Bank - Adjustments to the terms and conditions of The Standard
JSE RCHSBERCHSBCRCHSBD
SCIB
SCIB - Standard Bank - Adjustments to the terms and conditions of The Standard
Bank Richemont Securities Warrants
The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK RICHEMONT
SECURITIES WARRANTS
Following the RICHEMONT de-twinning announcement, RCH DR holders will receive 1
Compagnie Financiere Richemont SA DR ("CFR") and 1 Reinet DR ("REI") for every 1
RCH DR held.
Following this announcement, notice is hereby given that all RCH warrants will
be traded as Basket Warrants where the price of the warrant will be calculated
based on the combined prices of CFR and REI.
The following warrants will be affected by this corporate action:
Existing Terms
ISIN JSE Exercise Conversion Expiry Exercise Style
Code Price Ratio
ZAE000120440 RCHSBC R54.00 13:1 05-Dec-08 American Call
ZAE000124590 RCHSBD R49.00 12:1 05-Feb-09 American Call
ZAE000127320 RCHSBE R39.00 15:1 07-May-09 American Call
The last day to trade to qualify for the de-twinning is the 20th October 2008.
The Effective Date of the adjustment shall be 21st October 2008.
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of
the above-mentioned warrants.
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: 15/10/2008 08:07:04 Produced by the JSE SENS Department.
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