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UBS AG - Notification of an Adjustment Event on UBS Long/Short Certificates

Release Date: 16/08/2021 17:30
Code(s): UBNPNW UBNPNX     PDF:  
Wrap Text
Notification of an Adjustment Event on UBS Long/Short Certificates

UBS AG, London Branch
(“UBS AG” or the “Company”)
(Incorporated and domiciled in Switzerland)
(Registration number: CHE-101.329.561)

Notification of an Adjustment Event on UBS Long/Short Certificates on Naspers
Limited (Long); Prosus NV (Long) vs Tencent Holdings Limited (Short); and
Naspers Limited (Long) vs. Prosus NV (Short)

Certificateholders of UBS Long/Short Certificates on Naspers Limited (Long);
Prosus NV (Long) vs Tencent Holdings Limited (Short); and Naspers Limited
(Long) vs. Tencent Holdings Limited (Short) are hereby advised of the
successful implementation of the Prosus NV Capital Restructure.          The
Adjustment Event will have a diluting effect on the theoretical value of the
relevant Shares.

On 16 August 2021, following the successful implementation of the Capital
Restructure, shareholders are advised that following the implementation of
the Exchange Offer, Prosus holds 213,400,419 Naspers N Ordinary Shares
(representing 49% of the total issued Naspers N Ordinary Shares). More
information is available here: https://www.share-exchange-offer.com/

In accordance with the Capital Restructure and listing of new Prosus shares
the following amendments will be made to be below UBS Long/Short
Certificates.

For Alpha Code UBNPNW, ISIN ZAE000290177 (series 94), amendments are made to
the Long Shares only, resulting in a Long Shares Basket.

For Alpha Code UBNPNX, ISIN ZAE000297313 (series 96), amendments are made to
the Long Shares, adjusting the Long Shares Ratio from 1.000000 to 0.360000
as well as adjusting the Short Shares Ratio from 2.082461 to 0.626826.

The Amended and Restated Final Terms will take effect from Tuesday 17 August
2021.

INSTRUMENT NUMBER:   93403
ALPHA CODE:          UBNPNW
ISIN:                ZAE000290177

INSTRUMENT NUMBER:   96081
ALPHA CODE:          UBNPNX
ISIN:                ZAE000297313

For further information kindly contact:
UBS KeyInvest South Africa
Tel.: +27 11 322 7129 / 7317
E-mail: keyinvestza@ubs.com
Web: http://keyinvest-za.ubs.com/

Johannesburg
16 August 2021

Sponsor: UBS South Africa (Pty) Limited

Date: 16-08-2021 05:30:00
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