| Mon 8 Dec 2008, 11:02 | | SCIB : The Standard Bank of South Africa - Adjustments to the terms and |
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JSE PPCSTD
SCIB
SCIB : The Standard Bank of South Africa - Adjustments to the terms and
conditions of the Standard Bank Pretoria Portland Cement Turbo share instalment
The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK PRETORIA PORTLAND
CEMENT TURBO SHARE INSTALMENT
Following the PRETORIA PORTLAND CEMENT ("PPC") announcement of the pro rata
share repurchase on the PRETORIA PORTLAND CEMENT ("PPC") shares, shareholders
will be required to sell 7.34195% of their shares in PPC at a price of R31.31976
per share.
Following this announcement, notice is hereby given that the terms of the turbo
share instalment, PPCSTD, will accordingly be amended as follows:
Cash payout = (R31.31976 - R22.50) * number of turbo share instalments held *
7.34195%
(R22.50 is the Exercise Price of the turbo share instalment, PPCSTD)
The terms of the turbo share instalment, PPCSTD, will be adjusted by changing
the conversion ratio from 1 : 1 to 1 : 0.927.
Existing Terms
ISIN JSE Code Exercise Conversion Expiry Exercise Style
Price Ratio
ZAE000121430 PPCSTD R22.50 1for1 22-Sep-09 American Call
New Terms
ISIN JSE Code Exercise Conversion Expiry Exercise Style
Price Ratio
ZAE000121430 PPCSTD R22.50 1 for 22-Sep-09 American Call
0.92658
The last day to trade to be affected by the buyback transaction is the Friday
the 5th December 2008. The Effective Date of the adjustment shall be Monday 8th
Monday 2008.
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of
the above-mentioned turbo instalments.
This Notice together with the Common Terms Document, Conditions Annexure and the
relevant Supplements records the terms and conditions of the agreement between
the Parties. Any terms used in this Notice which are defined in the Common
Terms Document and Conditions Annexure 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: 08/12/2008 11:02:03 Produced by the JSE SENS Department.
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