|
JSE
INVS
Investec Bank Limited - Issue Of Enhanced Dividend Securities
Investec Enhanced Dividend Securities: Commencement Date: 23/04/2007
Share Mvelaphanda Resources Limited
(ISIN: ZAE000096087)
Strike Price R30.50
Stop-Loss Level R41.50
Expiry Date 15/05/2008
Conv. Ratio 1:1
Call/Put Call
Style American
Issue Size 400,000
JSE Code MVLIDA
The JSE Limited ("JSE") has approved the listing of the abovementioned warrant
and trading will commence on 23 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: 23/04/2007 09:43:38 Produced by the JSE SENS Department.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
