Enhanced Investments - Financial Portal

SCIB: The Standard Bank Of South Africa - Adjustment of BHG warrants

Published: 2022-05-24 11:50:45 ET

The Standard Bank of South Africa Limited

2022/05/24

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

Following the BHP GROUP (“BHG”) announcement of a capital payment of
approximately c.

Following this announcement, notice is hereby given that the terms of the BHG
warrants will be adjusted to place the warrant holders in the same financial position
they were prior to the capital payments ex-date. The terms of the warrants shall be
determined at the close of business on 23 May 2022.

The following warrants will be affected by this corporate action:

Existing Terms

                                           Conversion                  Exercise
ISIN           JSE Code Exercise Price                      Expiry
                                             Ratio                      Style
ZAE000303434 BHPSBA          R410.00           110         07-Jun-22 American Call
ZAE000305165 BHPSBB          R475.00           150         07-Sep-22 American Call
ZAE000309928 BHGSBC          R630.00           250         17-Jan-23 American Call
ZAE000310033 BHGSBP          R515.00           200         17-Jan-23 European Put
ZAE000304358 BHPSBQ          R380.00           170         07-Jun-22 European Put

New Terms
                                           Conversion                  Exercise
ISIN           JSE Code Exercise Price                      Expiry
                                             Ratio                      Style
ZAE000303434 BHPSBA          R365.19          97.98        07-Jun-22 American Call
ZAE000305165 BHPSBB          R423.09          133.61       07-Sep-22 American Call
ZAE000309928 BHGSBC          R561.15          222.68       17-Jan-23 American Call
ZAE000310033 BHGSBP          R458.72          178.14       17-Jan-23 European Put
ZAE000304358 BHPSBQ          R338.47          151.42       07-Jun-22 European Put

The Effective Date of the adjustment shall be 24th May 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.
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.