The Standard Bank Of South Africa Limited - Increa
SBK TKGSBM
SBK
The Standard Bank Of South Africa Limited - Increase In Issue Size Announcement
In Relation To TKGSBM Call Warrant
THE STANDARD BANK OF SOUTH AFRICA LIMITED
Share Code: TKGSBM
ISIN Code: ZAE000078689
INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO TKGSBM CALL WARRANT
Standard Bank advises potential buyers of the TKGSBM call warrant listed over
Telkom SA Limited, that due to excessive demand for this security, Standard Bank
has sold out its" initial allotment of warrants.
Standard Bank is now bid only in this warrant and will remain so until such time
as enough warrants are bought back to make a sufficient offer. Standard Bank
advises that due to potential continued demand from the market, current holders
may now offer their warrants at prices in excess of Standard Bank"s fair value
calculation. This creates risk to new buyers, as they may be buying at inflated
prices. Standard Bank will be bid in the market at all times, but due to the
warrant being sold out, Standard Bank will not be able to hold the TKGSBM market
at fair value, should new buyers be prepared to pay higher prices for the
TKGSBM.
Standard Bank has listed the TKGSBN call warrant, and suggests the TKGSBN be
considered as the warrant option for all new trades. Standard Bank advises that
the correct bid is available through our updated daily matrices on our website
www.warrants.co.za at all times. Prospective buyers are advised to refer to the
TKGSBM matrix before any new investment decision is made.
The terms and conditions of the warrant are as follows:
JSE Code TKGSBM
Short Name SB TKG CM
Long Name SB TKG R170 CM 30:1 AUG06
Underlying Share Telkom SA Limited
Type American Call
Expiration Date 3 Aug 2006
Strike Price 170.00
Cover Ratio 30 Warrants exercisable into 1 Share
For further information contact:
Standard Bank
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Sponsor: Standard Bank
Date: 28/04/2006 03:27:45 PM Produced by the JSE SENS Department
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