|
JSE MSMSTCSPPSTBSPPSTCMSMSTB
SCIB
SCIB: The Standard Bank of South Africa - Notice Of Rollover Ratios Of Standard
Bank Share Instalments
The Standard Bank of South Africa Limited
Further to the notice of expiry issued on 5th December 2008, the following share
instalments automatically rolled on 12th December 2008 and the Ratios of the
roll are as follows:
Warrant Stock ISIN Code New New ISIN Ratio
Code Instalment Code
Code
MSMSTB MASSMART ZAE000110516 MSMSTC ZAE000129987 0.847
HOLDINGS
LIMITED
SPPSTB THE SPAR GROUP ZAE000110599 SPPSTC ZAE000129995 0.574
LIMITED
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:
Any fractional amounts will be rounded down and settled in cash, with the cash
amount paid into the Warrantholders account.
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: 15/12/2008 10:18:22 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
