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JSE TBSSTCSHPSTATBSSTBSHPSTBAPBSIDGRTSIDAIPSTBILVSIEILVSIDAPASIEAIPSTCAPASIDGR
SCIB
SCIB : Standard Bank - Notice of rollover ratios of Standard Bank share
instalments
STANDARD BANK
NOTICE OF ROLLOVER RATIOS OF STANDARD BANK SHARE INSTALMENTS
Further to the notice of expiry issued on 20th November 2008, the following
share instalments automatically rolled on Thursday 27th November 2008 and the
Ratios of the roll are as follows:
Warrant Stock ISIN Code New Instalment New ISIN Ratio
Code Code Code
AIPSTB ADCOCK INGRAM ZAE000125530 AIPSTC ZAE000129193
HOLDINGS LIMITED 0.389
APASID APEXHI PROPERTIES ZAE000109872 APASIE ZAE000129201
LIMITED 0.601
APBSID APEXHI PROPERTIES ZAE000109880 APBSIE ZAE000129219
LIMITED 0.599
GRTSID GROWTHPOINT ZAE000109922 GRTSIE ZAE000129235
PROPERTIES LIMITED 0.722
ILVSID ILLOVO SUGAR ZAE000109930 ILVSIE ZAE000129243
LIMITED 0.709
SHPSTA SHOPRITE HOLDINGS ZAE000108213 SHPSTB ZAE000129292
LIMITED 0.980
TBSSTB TIGER BRANDS ZAE000110003 TBSSTC ZAE000129326
LIMITED 0.516
Rollover Formula:
Number of new Share Instalments =
(Cash Settlement Amount / Price of new Share Instalment on the Expiration
Date)*Number of existing Share Instalments
Where:
* Cash Settlement Amount = (the closing price of the Underlying Parcel on
Expiration Date - the Exercise Price of the expiring Share Instalment - any
other fees and expenses the Warrantholder is liable for in terms of the
Conditions);
* Price of new Share Instalment = closing price of the new Share Instalment
on the Expiration Date of the old Share Instalment determined by the Issuer
as per the matrix offer price based off the closing price of the Underlying
Security. Note - This may differ from the closing price of the new Share
Instalment on the JSE as this level is set before the official close of the
market at 5.00 p.m.
Please note:
1 Any fractional amounts will be rounded down and settled in cash, with the
cash amount paid into the Warrantholders account.
2 The new Share Instalments will take around 5 Business Days from the
Expiration Date of the old series to be delivered into the Warrantholders
account.
Warrantholders should ensure that their holdings are registered prior to
the Expiration Date as only registered Warrantholders will be entitled to
the rollover. Share Instalments will be exercisable in accordance with
the terms and conditions set out in the Common Terms Document, relevant
Conditions Annexure/s and/or Supplements. All Share Instalments will be
settled via STRATE. Please note that the Share Instalments that do not
rollover will be settled in accordance with the provisions set out in the
relevant Conditions Annexure/s and/or Supplements.
Copies of the warrant issue documentation may be obtained from:
The Standard Bank Of South Africa Limited.
(Registration Number 1962/000738/06)
3 Simmonds Street
Johannesburg
2001
For further information contact :
Standard Bank Warrants
Tel 0800 111 780
e-mail : derivatives@standardbank.co.za
Sponsor :
Standard Financial Markets (Pty) Ltd
(Registration Number: 1972/008305/07)
An authorised user of the JSE Limited
Date: 28/11/2008 09:03:05 Produced by the JSE SENS Department.
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