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JSE BCXIDB
INVS
BCXIDB - Investec Bank - Termination Of The Business Connexion Group
Limited Enhanced Dividend Securities - ("BCXIDB")
INVESTEC BANK LIMITED - TERMINATION OF THE BUSINESS CONNEXION GROUP LIMITED
ENHANCED DIVIDEND SECURITIES- ("BCXIDB")
Share Business Connexion Group Limited
Strike Price R4.40
Stop-Loss Level R6.00
Expiry Date 15/11/2007
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 20 Million
JSE Code BCXIDB & ZAE000087045
Investec Bank Limited, as Issuers of the above BCXIDB, Enhanced Distribution
Securities ("EDS") advised Holders of the breach of the stop loss level of
R6.00 in the Underlying Share, at the close of business on Monday, 12
November 2007. BCXIDB has since has been terminated.
The Rebate payment represents the number of EDS held on 12 November 2007,
multiplied by the excess of the simple average of the Volume Weighted
Average Price ("VWAP") of the Underlying Parcel over the two Business Days
following the Termination Date, over the Exercise Price (Strike Price) of
R4.40. This amount will automatically accrue to holders via instruction to
STRATE.
The VWAP Average on Tuesday, 13 November 2007 = R583.024
The VWAP Average on Wednesday, 14 November 2007 = R572.2381
The 2 day VWAP average = R577.6311
Holders will receive R137.6311 for every warrant held.
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: 15/11/2007 12:56:17 Produced by the JSE SENS Department.
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