| Fri 19 Jun 2009, 10:15 | | SCIB : ACLSTD - The Standard Bank of South Africa Limited - Adjustments to the |
|
JSE ACLSTD
SCIB
SCIB : ACLSTD - The Standard Bank of South Africa Limited - Adjustments to the
terms and conditions of the Standard Bank Arcelormittal SA Ltd turbo share
instalment
The Standard Bank of South Africa Limited
ACLSTD - 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, ACLSTD, will accordingly be amended as follows:
Cash payout = (R87.64 - R60.00) * number of turbo share instalments held *
9.995%
(R60.00 is the Exercise Price of the turbo share instalment, ACLSTD)
The terms of the turbo share instalment, ACLSTD, will be adjusted by changing
the conversion ratio from 1 : 1 to 1 : 0.90005.
Existing Terms
ISIN JSE Code Exercise Price Conversion Expiry Exercise
Ratio Style
ZAE000134763 ACLSTD R60.00 1 for 1 28-Sep-10 American
Call
New Terms
ISIN JSE Code Exercise Price Conversion Expiry Exercise
Ratio Style
ZAE000134763 ACLSTD R60.00 1 for 0.90005 28-Sep-10 American
Call
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 10:15:02 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.
