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Holders of the BAWSTA's will continue to hold their BAWSTA's (with adjusted terms) post the unbundling and will be issued with a new PPC instalment (a PPCSTB to be issued) in the ratio of the unbundling and with a strike price in the ratio of strike price of the BAWSTA's to the closing price of BAW on Friday the 6th of July (the LDT date to participate in the unbundling) . The terms of the BAWSTA's will be adjusted (the strike reduced) so that the net financial position of instalment holders (of the PPSTB's and BAWSTA's) post the unbundling is equivalent to that prior to the unbundling.
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