Enhanced Investments - Financial Portal

SCIB: The Standard Bank Of South Africa - AMS Warrants terms amendment

Published: 2022-08-10 09:45:42 ET

The Standard Bank of South Africa Limited

2022/08/10

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK GROUP AMS WARRANTS

Following the ANGLO AMERICAN PLATINUM LTD (“AMS”) announcement of a
special dividend of 4000.0000c.

Following this announcement, notice is hereby given that the terms of the AMS
warrants will be adjusted to place the warrant holders in the same financial position.
The terms of the warrants shall be determined at the close of business on 8th August
2022.

The following warrants will be affected by this corporate action:

Existing Terms
                                   Exercise      Conversion
       ISIN          JSE Code                                        Expiry     Exercise Style
                                    Price          Ratio
   ZAE000305132       AMSSBA       R1,886.83       870.85           07-Sep-22   American Call
   ZAE000308748       AMSSBB       R2,600.00        1300            04-Oct-22   American Call
   ZAE000309894       AMSSBC       R2,180.00        1300            17-Jan-23   American Call
   ZAE000310819       AMSSBD       R1,760.00        1000            07-Jun-23   American Call
   ZAE000312492       AMSSBE       R1,300.00        750             07-Jun-23   American Call
   ZAE000308912       AMSSBP       R2,250.00        1300            04-Oct-22   European Put
   ZAE000310959       AMSSBQ       R1,440.00        1100            07-Jun-23   European Put


New Terms

                                   Exercise      Conversion
       ISIN          JSE Code                                        Expiry     Exercise Style
                                    Price          Ratio
   ZAE000305132       AMSSBA          TBA            TBA            07-Sep-22   American Call
   ZAE000308748       AMSSBB          TBA            TBA            04-Oct-22   American Call
   ZAE000309894       AMSSBC          TBA            TBA            17-Jan-23   American Call
   ZAE000310819       AMSSBD          TBA            TBA            07-Jun-23   American Call
   ZAE000312492       AMSSBE          TBA            TBA            07-Jun-23   American Call
   ZAE000308912       AMSSBP          TBA            TBA            04-Oct-22   European Put
   ZAE000310959       AMSSBQ          TBA            TBA            07-Jun-23   European Put

The Effective Date of the adjustment shall be 10th August 2022.


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.

For further information contact:
Standard Bank
Warrants
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Issuer: The Standard Bank of South Africa Limited
Sponsor: SBG Securities (Pty) Ltd
(A subsidiary of the Standard Bank Group Limited)
(Incorporated in the Republic of South Africa, 13 March 1962, Registration number
1972/008305/07)

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329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.