FOSIHB - Investec Bank - Termination of the hot en
JSE FOSIHB
INVS
FOSIHB - Investec Bank - Termination of the hot enhanced dividend securities
(HOT EDS) - ("FOSIHB")
Share Foschini Limited
Strike Price R43.50
Stop-Loss Level R49.30
Expiry Date 20/08/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 500,000
JSE Code FOSIHB ZAE000103875
Investec Bank Limited, as Issuers of the above FOSIHB, Hot Enhanced
Distribution Security (Hot EDS), would like to advise Holders that due to
the breach of the stop loss level of R49.30 in the Underlying Share, as of
Thursday, 22 November 2007 the abovementioned Hot Enhanced Distribution
Security (Hot EDS) has been terminated.
Holders are now entitled to receive the Rebate Payment, represented by the
number of Hot EDS held on the termination date, multiplied by the excess of
the simple average of the Volume Weighted Average Price ("VWAP") of the
Underlying Share over the two Business Days following the Termination Date
over the Exercise Price (Strike Price) of R43.50. 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: 23/11/2007 15:29:29 Produced by the JSE SENS Department.
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