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UBS AG - Notification of Potential Adjustment Event

Release Date: 14/01/2022 15:00
Code(s): UBNPNA UBNPNB     PDF:  
Wrap Text
Notification of Potential Adjustment Event

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

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

Certificateholders of UBS Long/Short Certificates are hereby advised of a
Potential Adjustment Event that may have a diluting or concentrative effect
on the theoretical value of the relevant Shares.

On 23 December 2021, Tencent Holdings Limited (“Tencent”) announced the
declaration of a special interim dividend by way of distribution in specie
of Class A ordinary shares of, Inc. Qualifying shareholders in
Tencent will receive 1 ordinary share of for every 21 shares held,
being rounded down to the nearest whole number of shares.

Further information is available here:

Key dates in the timeline:

Last day for dealing in the Shares
                                                Wednesday, 19 January 2022
on a cum-entitlement basis
Commencement of dealing in the
                                                 Thursday, 20 January 2022
Shares on an ex-entitlement basis
Dispatch of share certificates and
                                                     Friday, 25 March 2022
CCASS settlement

In accordance with declaration of this interim dividend, the Short Reference
Share, the Redemption Amount in respect of a Valuation Date, and/or the
initial cash component (C0) is expected to change.

Details on the adjustments to the Certificates including effective dates of
the adjustments will be communicated in due course.

The Potential Adjustment Event may affect the following certificates:

ISIN:                ZAE000301958

ISIN:                ZAE000301966

The Calculation Agent will determine the effect of the Potential Adjustment
Event and make the corresponding adjustments as determined appropriate to
account   for  this   event.  This   will  be   communicated  directly   to
Certificateholders. The adjustment may have an effect on the value of the

For further information kindly contact:
UBS KeyInvest South Africa
Tel.: +27 11 322 7129 / 7317
14 January 2022

Sponsor: UBS South Africa (Pty) Limited

Date: 14-01-2022 03:00:00
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