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JSE
INVS
INVS - Investec Bank Limited - Issue of Enhanced Dividend Securities
INVESTEC BANK LIMITED
Investec Enhanced Dividend Securities: Commencement Date: 16/04/2007
Share ApexHi Properties Growthpoint Properties
(ISIN: ZAE000094744) Limited
(ISIN: ZAE000094751)
Strike Price 870 820
Stop-Loss Level 1185 1120
Expiry Date 5/15/2008 5/15/2008
Conv. Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 700,000 1,750,000
JSE Code APAIDB GRTIDB
Share Allan Gray Property Trust Redefine Income Fund
(ISIN: ZAE000094769) Limited
(ISIN: ZAE000094777)
Strike Price 370 435
Stop-Loss Level 520 590
Expiry Date 5/15/2008 5/15/2008
Conv. Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1,250,000 1,000,000
JSE Code GRYIDB RDFIDB
The JSE Limited ("JSE") has approved the listing of the abovementioned warrant
and trading will commence on 16 April 2007. All members of the JSE may
participate in trading, which will occur according to normal JSE Rules. As the
Warrants have been dematerialised, settlement will be effected electronically
through the STRATE system of the JSE and accordingly, certificates evidencing
the Warrants will not be issued to Holders.
Members of the JSE are notified of a new function of the Enhanced Dividend
Securities (EDS) product, now included in the latest listing supplement
covering Investec`s new issue (see above), enabling Holders to automatically re-
invest the settlement proceeds back into the next series.
In line with preferred market practice, this new listing of EDS will now be
automatically re-invested into the next series at the Expiration Date (15 May
2008) without requiring any action by the Holders. The number of new EDS taken
up by Holders will be governed by the following formula:
Number of New EDS = Cash Settlement Amount/Issue Price of New EDS
Where: "Cash Settlement Amount" = Number of EDS held on that day multiplied by
the excess of the simple average of the Daily Volume Weighted Average Price of
the underlying parcel on the last two hours of the expiration date over the
Exercise Price.
Should holders wish to exercise the EDS for physical shares they will need to
notify Investec of their intentions prior to the close of business on the
expiry date.
Copies of the offering circular may be obtained from:
Investec Bank Limited
100 Grayston Drive
Sandown
Sandton
2196
For further information contact:
Investec Warrants
Tel.: 0860 103 343
E-mail: warrants@investec.co.za
Internet: www.investecwarrants.com
Sponsor
Investec Securities Limited
Member of the JSE
Registration number. 1972/008905/06)
Date: 16/04/2007 11:41:19 Produced by the JSE SENS Department.
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