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JSE ILVSIE
SCIB
SCIB: The Standard Bank of South Africa - Adjustments to the terms and
conditions of the Standard Bank Illovo Sugar Ltd share instalments
The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK ILLOVO SUGAR LTD
SHARE INSTALMENTS
Following the ILLOVO SUGAR LTD ("ILV") Rights Offer announcement, ILV share
holders will receive rights to take up 30.83459 ILLOVO SUGAR LTD ("ILV") share
for every 100 shares held at a price of R27.69
Following this announcement, notice is hereby given that the holders of ILVSIE
share instalments will not receive any rights but the terms of the share
instalments will be adjusted to place the share instalment holders in the same
financial position they were prior to the rights offer ex-date.
The following share instalments will be affected by this corporate action:
Existing Terms
ISIN ZAE000129243
JSE Code ILVSIE
Exercise Price R7.80
Conversion Ratio 1:1
Expiry 25-Nov-2009
Exercise Style American Call
New Terms
ISIN ZAE000129243
JSE Code ILVSIE
Exercise Price TBA
Conversion Ratio 1:1
Expiry 25-Nov-2009
Exercise Style American Call
The last day to trade before this adjustment is made will be 14th August
2009.The Effective Date of the adjustment shall be 17th August 2009.
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of
the above-mentioned share instalments.
This Notice together with the Common Terms Document and Conditions Annexure
record the terms and conditions of the agreement between the Parties. Any terms
used in this Notice which are defined in the Common Terms Document, Conditions
Annexure and the relevant Supplements 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.
Please note that Share Instalments are subject to selling restrictions and
prospective purchases are referred to the relevant Conditions Annexure for
details of such restrictions.
Date: 14/08/2009 17:00:21 Produced by the JSE SENS Department.
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