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SCIB: The Standard Bank Of South Africa - adjustment to the terms and conditions of Naspers warrants
The Standard Bank of South Africa Limited
2017/09/18
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK NASPERS LTD WARRANTS
Following the Naspers Limited (“NPN”) announcement on the 5th September 2017 &
the 12th September 2017 relating to the unbundling of Novus Holdings Limited
(“NVS”), Naspers will unbundle its interest in Novus to Shareholders. Each
Shareholder will receive 0.34588 Novus share for each Naspers share held.
Following this announcement, notice is hereby given that the terms of the NPN
warrants will be adjusted to place the warrant holders in the same financial position
they were prior to the rights offer ex-date. The terms of the warrants shall be
determined at the close of business on 19th September 2017.
The following warrants will be affected by this corporate action:
Existing Terms
JSE Exercise Conversion Expiry Exercise
ISIN Style
Code Price Ratio
R 04- American
ZAE000242467 NPNSBB 850
2,350.00 Oct-17 Call
R 02- American
ZAE000243598 NPNSBC 900
2,600.00 Nov-17 Call
R 05- American
ZAE000245239 NPNSBD 950
3,000.00 Dec-17 Call
06-
R American
ZAE000248415 NPNSBE 950 Mar-
3,200.00 Call
18
R 05- European
ZAE000245338 NPNSBP 700
2,650.00 Dec-17 Put
06-
R European
ZAE000247896 NPNSBQ 850 Mar-
2,700.00 Put
18
R 04- European
ZAE000242491 NPNSBY 600
2,000.00 Oct-17 Put
R 02- European
ZAE000244281 NPNSBZ 700
2,350.00 Nov-17 Put
New Terms
JSE Exercise Conversion Expiry Exercise
ISIN Style
Code Price Ratio
04- American
ZAE000242467 NPNSBB TBA TBA
Oct-17 Call
02- American
ZAE000243598 NPNSBC TBA TBA
Nov-17 Call
05- American
ZAE000245239 NPNSBD TBA TBA
Dec-17 Call
06-
American
ZAE000248415 NPNSBE TBA TBA Mar-
Call
18
05- European
ZAE000245338 NPNSBP TBA TBA
Dec-17 Put
06-
European
ZAE000247896 NPNSBQ TBA TBA Mar-
Put
18
04- European
ZAE000242491 NPNSBY TBA TBA
Oct-17 Put
02- European
ZAE000244281 NPNSBZ TBA TBA
Nov-17 Put
The Effective Date of the adjustment shall be 20th September 2017.
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of the
above-mentioned warrants.
This Notice together with the Common Terms Document and Conditions Annexure
record the terms and conditions of the agreement between the Parties. Any terms
used in this Notice which are defined in the Common Terms Document, Conditions
Annexure and the relevant Supplements shall bear the meaning ascribed to them
therein, unless specifically stated otherwise herein. Other than as set out herein, the
terms and conditions set out in the Common Terms Document, Conditions Annexure
and relevant Supplements remain unchanged and in full force and effect.
Please note that Share Instalments are subject to selling restrictions and prospective
purchases are referred to the relevant Conditions Annexure for details of such
restrictions.
Date: 18/09/2017 02:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
