Enhanced Investments - Financial Portal

SCIB: The Standard Bank Of South Africa - Amendment to FSR warrants

Published: 2022-10-12 09:31:28 ET

The Standard Bank of South Africa Limited

2022/10/11

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

Following the FIRSTRAND LTD (“FSR”) announcement of a special dividend of
125.0000c.

Following this announcement, notice is hereby given that the terms of the FSR
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 11th October
2022.

The following warrants will be affected by this corporate action:

Existing Terms

    ISIN       JSE Code Exercise Price Conversion Ratio Expiry Exercise Style
ZAE000309977 FSRSBD           R75.00             30         17-Jan-23   American Call
ZAE000312625 FSRSBE           R70.00             30         07-Jun-23   American Call
ZAE000315057 FSRSBF           R67.00             25         04-Jul-23   American Call
ZAE000310058 FSRSBT           R63.00             20         17-Jan-23   European Put
ZAE000312757 FSRSBU           R60.00             25         07-Jun-23   European Put

New Terms

    ISIN       JSE Code Exercise Price Conversion Ratio Expiry Exercise Style
ZAE000309977 FSRSBD           R73.43            29.37       17-Jan-23   American Call
ZAE000312625 FSRSBE           R68.53            29.37       07-Jun-23   American Call
ZAE000315057 FSRSBF           R65.60            24.48       04-Jul-23   American Call
ZAE000310058 FSRSBT           R61.68            19.58       17-Jan-23   European Put
ZAE000312757 FSRSBU           R58.74            24.48       07-Jun-23   European Put




The Effective Date of the adjustment shall be 12th October 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)

Enhanced Investments, Inc.
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.