SCIB - The Standard Bank of South Africa Limited - Adjustments to the terms and
JSE REMSBC
SCIB
SCIB - The Standard Bank of South Africa Limited - Adjustments to the terms and
conditions of the standard bank REMGRO securities warrants
The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK REMGRO SECURITIES
WARRANTS
Shareholders of Remgro Limited (REM) will receive 40.6054 shares in British
American Tobacco PLC ("BAT") plus 63.6977 in Reinet DR ("REI") for every 100
shares held in REM. Remgro Limited shareholders will retain their existing
shareholding in Remgro Limited.
Following this announcement, notice is hereby given that all REM warrants will
be traded as Basket Warrants where the price of the warrant will be calculated
based on the combined prices of REM, REI and BTI.
The following warrants will be affected by this corporate action:
Existing Terms
ISIN ZAE000120465 ZAE000125537
JSE Code REMSBC REMSBD
Exercise Price R220.00 R200.00
Conversion Ratio 60:1 50:1
Expiry 05-Dec-08 07-Jan-09
Exercise Style American Call American Call
The last day to trade to qualify for the Remgro unbundling is the 27th October
2008. The Effective Date of the adjustment shall be 28th 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: 23/10/2008 17:29:12 Produced by the JSE SENS Department.
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