The Standard Bank of South Africa Limited - Increa
SBK FSRSBU
SBK
The Standard Bank of South Africa Limited - Increase in issue size in relation
to FSRSBU PUT warrant
THE STANDARD BANK OF SOUTH AFRICA LIMITED
Share Code: FSRSBU
ISIN Code: ZAE000074647
INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO FSRSBU PUT WARRANT
The JSE Listings division has approved the increase in the issue size from 30
million to 100 million in respect of the FSRSBU PUT warrant with effect from the
commencement of trade on Tuesday, 7 February 2006 due to the following reasons:
1. The further issue represents only a small portion of the market
capitalisation of the index.
2. This is well below the limit set by the JSE.
3. There is massive demand for the FSRSBU 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, therefore remain relevant.
The terms and conditions of the warrant are as follows:
JSE Code FSRSBU
Short Name SB FSR PU
Long Name SB FSR 1625 PU 4:1 JUN06
Underlying Share FIRSTRAND LIMITED
Type European Put
Expiration Date 2 June 2006
Strike Price R16.25
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: 06/02/2006 03:38:04 PM Produced by the JSE SENS Department
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