The Standard Bank Of South Africa Limited - Increa
The Standard Bank Of South Africa Limited - Increase In Issue
Size Announcement In Relation To TOPSBR Put Warrant
THE STANDARD BANK OF SOUTH AFRICA LIMITED
Share Code: TOPSBR
ISIN Code: ZAE000071882
INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO TOPSBR PUT WARRANT
The JSE Issuer Services division has approved the increase in the issue size
from 20 million to 50 million in respect of the TOPSBR PUT warrant with effect
from the commencement of trade on Monday, 17 October 2005 due to the following
reasons:
The further issue represents only a small portion of the market capitalisation
of the index.
This is well below the limit set by the JSE.
There is massive demand for the TOPSBR PUT warrant at present and we wish to
match this demand in order to satisfy the market and fulfill our position as
market maker.
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 20 of September 2005 therefore remain relevant.
The terms and conditions of the warrant are as follows:
JSE Code TOPSBR
Short Name SB TOP PR
Long Name SB TOP 14400 PR 0007:1 MAR06
Underlying Share JSE Top40 Index
Type European Put
Expiration Date 16 March 2006
Strike Price 14,400
Cover Ratio 1400 Warrants exercisable into 1
Share
For further information contact:
Standard Bank
Tel: 0800 111 780
Email: derivatives@standardbank.co.za
Sponsor: Standard Bank
Date: 14/10/2005 05:12:21 PM Produced by the JSE SENS Department
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