JSE PPCIHBPPCIHA
INVS
INVS - Investec - Announcement to warrant holders of the old position of the
Hot Enhanced Dividend Securities which expired 22 May 2007 and their new
positions
INVESTEC BANK LIMITED - ANNOUNCEMENT TO WARRANT HOLDERS OF THE OLD POSITION
OF THE HOT ENHANCED DIVIDEND SECURITIES WHICH EXPIRED 22 MAY 2007 AND THEIR
NEW POSITIONS
Share Pretoria Portland Cement Company
Old Position PPCIHA ZAE000084083
Price R210.00
New Position PPCIHB ZAE000094793
Price R215.77
Conv. Ratio 20:19
Cash per ratio R5.01923
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend
Securities (Hot EDS), would like to inform warrant holders who rolled their
Hot EDS into the "New" series of Hot EDS of the positions in which their
securities closed out yesterday, Tuesday 22nd May 2007 and to inform
warrant holders of their new positions.
This has been done on a one-for-one basis. If there is a difference between
the intrinsic value inherent to the "Expired" Hot EDS and the less
expensive "New" Hot EDS this will accrue to the client as seen in the cash
per ratio above. If the intrinsic value inherent in the expired Hot EDS is
less than the "New" Hot EDS, then a ratio will be applied. For example, if
the old position/new position has a 20:19 ratio. This implies that for
every 20 expired Hot EDS, the warrant holder receives 19 "New" Hot EDS. Any
cash owing to the holder will be paid out.
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: 23/05/2007 11:43:01 Produced by the JSE SENS Department.
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