| Fri 19 Jun 2009, 10:03 | | SCIB: ACLSTC - The Standard Bank of South Africa - Adjustments To The Terms And |
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JSE ACLSTC
SCIB
SCIB: ACLSTC - The Standard Bank of South Africa - Adjustments To The Terms And
Conditions Of The Standard Bank Arcelormittal Sa Ltd Turbo Share Instalment
The Standard Bank of South Africa Limited
ACLSTC - ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK
ARCELORMITTAL SA LTD TURBO SHARE INSTALMENT
Following the ARCELORMITTAL SA LTD ("ACL") announcement of the pro rata share
repurchase on the ARCELORMITTAL SA LTD ("ACL") shares, shareholders will be
required to sell 9.995% of their shares in ACL at a price of R87.64 per share
Following this announcement, notice is hereby given that the terms of the turbo
share instalments, ACLSTC, will accordingly be amended as follows:
Cash payout = (R87.64 - R75.00) * number of turbo share instalments held *
9.995%
(R75.00 is the Exercise Price of the turbo share instalment, ACLSTC)
The terms of the turbo share instalment, ACLSTC, will be adjusted by changing
the conversion ratio from 1 : 1 to 1 : 0.90005.
Existing Terms
ISIN JSE Exercise Conversion Expiry Exercise Style
Code Price Ratio
ZAE000128146 ACLSTC R75.00 1 for 1 09-Dec-09 American Call
New Terms
ISIN JSE Exercise Conversion Expiry Exercise Style
Code Price Ratio
ZAE000128146 ACLSTC R75.00 1 for 09-Dec-09 American Call
0.90005
The last day to trade to be affected by the buyback transaction is the Friday
the 19th June 2009. The Effective Date of the adjustment shall be Monday 22nd
June 2009.
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: 19/06/2009 10:03:02 Produced by the JSE SENS Department.
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