Investec Bank Limited - Termination Of The Barrier
JSE ASAIRP
INVS
Investec Bank Limited - Termination Of The Barrier Put Warrant (REVS) -
("ASAIRP")
INVESTEC BANK LIMITED
Share ABSA Group Limited (ISIN Code ZAE000087904)
Strike Price R177.00
Stop-Loss Level R147.00
Expiry Date 15/11/2007
Conv. Ratio 1:1
Call/Put Put
Style American
Issue Size 5 Million
JSE Code ASAIRP
Investec Bank Limited, as Issuers of the above ASAIRP, Barrier Put Warrants
(REVS), would like to advise Holders that due to the breach of the stop loss
level of R147.00 in the Underlying Share, at close of business on 23 April 2007,
the abovementioned Barrier Put Warrant (REVS) has been terminated.
Holders are now entitled to receive the Rebate Payment, represented by the
number of REVS held on the termination date, multiplied by the excess of the
Exercise Price (Strike Price) of R177.00 over the simple average of the Volume
Weighted Average Price ("VWAP") of the Underlying Share over the two Business
Days following the Termination Date. This amount will automatically accrue to
holders via instruction through 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.: 011 286-4672
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 11:12:31 Produced by the JSE SENS Department.
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