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The Standard Bank of South Africa Limited - Increase in issue size announcement
in relation to ASASBI Call Warrant and to FSRSBT Put Warrant
THE STANDARD BANK OF SOUTH AFRICA LIMITED
Share Code: ASASBI
ISIN Code: ZAE000069647
INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO ASASBI CALL WARRANT
The JSE Listings division has approved the increase in the issue size from 20
million to 40 million in respect of the ASASBI call warrant with effect from the
commencement of trade on Wednesday, 5 October 2005 due to the following reasons:
1. The further issue represents only a small portion of the market
capitalisation of the company.
2. This is well below the limit set by the JSE.
3. There is massive demand for the ASASBI CALL warrant at present and we wish
to match this demand in order to satisfy the market and fulfill our
position as market maker.
4. We need to increase the issue size in order to prevent the warrant from
trading up above fair value and thereby jeopardising people who purchase
the warrant at inflated levels.
There are no changes to the terms and conditions of the warrant or to the
underlying share. All documentation submitted for the initial listing of the
warrant, dated 15 of May 2005 therefore remain relevant.
The terms and conditions of the warrant are as follows:
JSE Code ASASBI
Short Name SB ASA CI
Long Name SB ASA R100 CI 20:1 FEB06
Underlying Share Absa Group Ltd
Type American Call
Expiration Date 02 February 2006
Strike Price R100.00
Cover Ratio 20 Warrants exercisable into 1 Share
THE STANDARD BANK OF SOUTH AFRICA LIMITED
Share Code: FSRSBT
ISIN Code: ZAE000070538
INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO FSRSBT PUT WARRANT
The JSE Listings division has approved the increase in the issue size from 20
million to 40 million in respect of the FSRSBT PUT warrant with effect from the
commencement of trade on Tuesday, 27 September 2005 due to the following
reasons:
1. The further issue represents only a small portion of the market
capitalisation of the company.
2. This is well below the limit set by the JSE.
3. There is massive demand for the FSRSBT PUT warrant at present and we wish
to match this demand in order to satisfy the market and fulfill our
position as market maker.
4. We need to increase the issue size in order to prevent the warrant from
trading up above fair value and thereby jeopardising people who purchase
the warrant at inflated levels.
There are no changes to the terms and conditions of the warrant or to the
underlying share. All documentation submitted for the initial listing of the
warrant, dated 15 of May 2005 therefore remain relevant.
The terms and conditions of the warrant are as follows:
JSE Code FSRSBT
Short Name SB FSR PT
Long Name SB FSR 1475 PT 4:1 JAN06
Underlying Share Firstrand Ltd
Type European Put
Expiration Date 05 January 2006
Strike Price R14.75
Cover Ratio 4 Warrants exercisable into 1 Share
For further information contact:
Standard Bank
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Sponsor: Standard Bank
Date: 03/10/2005 04:35:10 PM Produced by the JSE SENS Department
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