The Standard Bank of South Africa Limited - Adjust
The Standard Bank of South Africa Limited - Adjustments To The Terms And
Conditions Of The Standard Bank Grindrod Limited Share Instalment
The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK GRINDROD LIMITED
SHARE INSTALMENT
Prior Terms
JSE Code Exercise Conversion Expiry Exercise ISIN Code
Price Ratio Style
GNDSIA R20.50 1 for 1 05/05/2006 American ZAE000066791
Call
Following the Grindrod Ltd ("GND") announcement of a 5 FOR 1 share split of GND,
the Issuer will amend the Terms and Conditions in the following way:
The Adjustments
On the 31ST October 2005, a new Exercise Price will be calculated, so that the
effect of the adjustments will be that:
The New Strike Price = (Old Strike/5)
The conversion ratio will not change, but there will rather be an instalment
split, whereby the holder of 1 GNDSIA share instalment will be converted to 5
share instalments.
New Terms
JSE Code Exercise Conversion Expiry Exercise ISIN Code
Price Ratio Style
GNDSIA R4.10 1 for 1 05/05/2006 American ZAE000066791
Call
The JSE Limited ("the JSE") Issuer Services Division has approved the adjustment
of the above-mentioned warrants, and the adjustments will be effective from 1
November 2005.
31 October 2005
Date: 31/10/2005 12:57:05 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
