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THE STANDARD BANK OF SOUTH AFRICA LIMITED - Adjustment of Standard Banks Naspers share instalments terms and conditions NPNSTN

Release Date: 30/08/2019 13:30
Code(s): NPNSTN     PDF:  
Wrap Text
Adjustment of Standard Banks Naspers share instalments terms and conditions NPNSTN

The Standard Bank of South Africa Limited

2019/08/30

SCIB: We refer to the announcement published via SENS on 29 August
regarding the adjustment of Standard Banks Naspers share instalments terms
and conditions, the contents of the below announcement replace those previously
issued.

Following the Naspers Limited (“NPN”) announcement relating to the intention to
Form global consumer internet group through the listing of its global consumer
internet assets that are held by Myriad International Holdings N.V. (to be renamed
Prosus N.V). Each Shareholder will receive one Prosus N Ordinary shares Limited
share for each Naspers N Limited share held on the 10th September 2019.

Following this announcement, notice is hereby given that the terms of the NPN share
instalments will remain unchanged, and the share instalments will trade as a basket
share instalment where the underlying price of the share instalment will be calculated
based on the basket price of one Naspers and one Prosus share effective 11th September
2019.

The following share instalments will be affected by this corporate action:

NPNSTN

The Effective Date of the adjustment shall be 11th September 2019.


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.

Date: 30/08/2019 01:30:00
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