Investec Bank Limited - Distribution Payment Of Te
JSE PAPIVA
INVS
Investec Bank Limited - Distribution Payment Of Termination Of Variable
Strike Warrant ("PAPIVA")
INVESTEC VARIABLE STRIKE WARRANT: DISTRIBUTION PAYMENT OF TERMINATION OF
VARIABLE STRIKE WARRANT ("PAPIVA")
Amendment to the SENS Announcement released on 18 April 2007
Share Pangbourne Properties Limited
(ISIN Code ZAE000048989)
Initial Exercise Price per Share R1.25
Adjusted Exercise Price per Share R0.283
New Adjusted exercise Price per R0.00
share
Expiry Date 18/09/2013
Conv. Ratio 1:1
Call/Put Call
Style European
Issue Size 25 Million
JSE Code PAPIVA
As a result of the "Interest Distribution" an adjustment was made to the
exercise price to ensure the financial position of the warrant holders is
unprejudiced.
Investec Bank Limited, as Issuers of the above mentioned warrant PAPIVA, would
like to advise holders that due to the new adjusted exercise price of R0.00,
effective 5 April 2007, PAPIVA was terminated and Holders are now entitled to
receive the linked units in PAP (ZAE00005252) on a 1:1 basis at the new exercise
price of R0.00, together with the balance of the cash payment being R0.52
distribution, less the R0.283 final pay down of the strike (equaling R0.237).
This will be effected on the 19 April 2007, and will automatically accrue to
holders via instruction to STRATE.
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: 20/04/2007 14:29:29 Produced by the JSE SENS Department.
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