Nedbank Ltd - Adjustments to the terms and conditi
Nedbank Ltd - Adjustments to the terms and conditions of the Nedbank Ltd
Richemont Securities AG warrants.
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE RICHEMONT SECURITIES AG WARRANTS.
Prior terms
JSE Code Exercise Price Conversion Expiry Exercise style ISIN Code
RCHNBE R 24.00 5:1 2005/12/08 American Call ZAE00006830
RCHNBP R 20.00 5:1 2005/12/08 European Put ZAE00006831
RCHNBQ R 22.00 5:1 2006/02/02 European Put ZAE00007084
Following the Richemont Securities AG (`RCH`) announcement of a 39.09c special
dividend of RCH, the Issuer will amend the Terms and Conditions in the following
way to ensure that the financial position of the warrant holder is unprejudiced.
After the adjustment a holder of 1 RCHNBE Call Warrant will have the right to
purchase 0.203 RCH shares at an exercise price of R23.64, a total cash outlay of
R4.80 per warrant.
New terms
JSE Code Exercise Price Conversion Expiry Exercise style ISIN Code
RCHNBE R 23.64 4.92:1 2005/12/08 American Call ZAE000068300
RCHNBP R 19.70 4.92:1 2005/12/08 European Put ZAE000068318
RCHNBQ R 21.67 4.92:1 2006/02/02 European Put ZAE000070843
The JSE Ltd (`The JSE`) Issuer Services division has approved the
adjustment of the abovementioned warrants and the adjustments will be
effective from 19 September 2005.
Date: 19/09/2005 02:08:03 PM
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