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The Standard Bank Of South Africa Limited - Increase In Issue Size Announcement
In Relation To ANGSBN, TKGSBK, HARSBF, MLASBC, MTNSBK Call Warrants
SB: The Standard Bank Of South Africa Limited -Increase in issue
size announcement in relation to the ANGSBN, GFISBF, HARSBF Call
warrants
JSE
THE STANDARD BANK OF SOUTH AFRICA LIMITED
Share Code: ANGSBN, TKGSBK, HARSBF, MLASBC, MTNSBK
ISIN Code: ZAE000071973, ZAE000070744, ZAE000072021, ZAE000072484,
ZAE000073102
INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO ANGSBN, TKGSBK,
HARSBF, MLASBC, MTNSBK CALL WARRANTS
The JSE Listings division has approved the increase in the issue
size from 20 million to 100 million in respect of the ANGSBN,
TKGSBK, HARSBF, MLASBC, MTNSBK call warrants with effect from the
commencement of trade on Wed, 7 December 2005 due to the following
reasons:
The further issue represents only a small portion of the market
capitalisation of the company.
This is well below the limit set by the JSE.
There is massive demand for the ANGSBN, TKGSBK, HARSBF, MLASBC,
MTNSBK CALL WARRANTS 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 warrants therefore remain relevant.
The terms and conditions of the warrant are as follows:
JSE Code ANGSBN
Short Name SB ANG CN
Long Name SB ANG R300 CN 75:1 APR06
Underlying Share Anglogold Ashanti Ltd
Type American Call
Expiration Date 06 April 2006
Strike Price R300.00
Cover Ratio 75 Warrants exercisable into 1 Share
JSE Code TKGSBK
Short Name SB TKG CK
Long Name SB TKG R135 CK 35:1 FEB06
Underlying Share Telkom Group Ltd
Type American Call
Expiration Date 02 February 2006
Strike Price R135.00
Cover Ratio 35 Warrants exercisable into 1 Share
JSE Code HARSBF
Short Name SB HAR CF
Long Name SB HAR 7500 CF 35:1 APR06
Underlying Share Harmony Gold Mining Company Ltd
Type American Call
Expiration Date 06 April 2006
Strike Price R75.00
Cover Ratio 35 Warrants exercisable into 1 Share
JSE Code MLASBC
Short Name SB MLA CC
Long Name SB MLA 6000 CC 17:1 FEB06
Underlying Share Mittal Steel SA Ltd
Type American Call
Expiration Date 06 April 2006
Strike Price R60.00
Cover Ratio 17 Warrants exercisable into 1 Share
JSE Code MTNSBK
Short Name SB MTN CK
Long Name SB MTN 5700 CK 15:1 APR06
Underlying Share MTN Group Ltd
Type American Call
Expiration Date 06 April 2006
Strike Price R57.00
Cover Ratio 15 Warrants exercisable into 1 Share
For further information contact:
Standard Bank
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Sponsor: Standard Bank
Date: 07/12/2005 03:23:52 PM Produced by the JSE SENS Department
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