The Standard Bank Of South Africa Limited - Increa
SBK AGLSBB
SBK
The Standard Bank Of South Africa Limited - Increase In Issue
Size Announcement In Relation To AGLSBB Call Warrant
THE STANDARD BANK OF SOUTH AFRICA LIMITED
Share Code: AGLSBB
ISIN Code: ZAE000071932
INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO AGLSBB CALL WARRANT
The JSE Listings division has approved the increase in the issue size from 20
million to 100 million in respect of the AGLSBB call warrant with effect from
the commencement of trade on Tuesday, 17 January 2006 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 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.
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, therefore remain relevant.
The terms and conditions of the warrant are as follows:
JSE Code AGLSBB
Short Name SB AGL CB
Long Name SB AGL R210 CB 40:1 APR06
Underlying Share Anglo American plc
Type American Call
Expiration Date 06 April 2006
Strike Price R210.00
Cover Ratio 40 Warrants exercisable into 1 Share
For further information contact:
Standard Bank
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Sponsor: Standard Bank
Date: 16/01/2006 12:06:10 PM Produced by the JSE SENS Department
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