SCIB: The Standard Bank Of South Africa - Amendment to Remgro warrant terms
SCIB: The Standard Bank Of South Africa - Amendment to Remgro warrant terms
The Standard Bank of South Africa Limited
2020/06/02
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK REMGRO LTD WARRANTS
Following the Remgro Ltd (“REM”) announcement on the unbundling, REM
shareholders will receive 0.69939 RMH shares for every1 REM shares.
Following this announcement, notice is hereby given that the terms of the REM
warrants will be adjusted to place the warrant holders in the same financial position
they were prior to the rights offer ex-date. The terms of the warrants shall be
determined at the close of business on 2nd June 2020.
The following warrants will be affected by this corporate action:
Existing Terms
ISIN JSE Code Exercise Price Conversion Ratio Expiry Exercise Style
06-Oct-
ZAE000285151 REMSBA R 165.00 50 American Call
20
New Terms
ISIN JSE Code Exercise Price Conversion Ratio Expiry Exercise Style
ZAE000285151 REMSBA 120.613 36.55 06-Oct-20 American Call
The Effective Date of the adjustment shall be 3rd June 2020.
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.
For further information contact:
Standard Bank
Warrants
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Issuer: The Standard Bank of South Africa Limited
Sponsor: SBG Securities (Pty) Ltd
Date: 03-06-2020 08:30:00
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