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SCIB: The Standard Bank Of South Africa - Adjustment of BHG warrants
2022/05/24 10:50:00Download PDF Stock report
SCIB: The Standard Bank Of South Africa - Adjustment of BHG warrants 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) Date: 24-05-2022 10:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.