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JSE TKGIHB
INVS
TKGIHB - Investec Bank Limited - Termination of the hot enhanced distribution
security
Investec Bank Limited
Termination of the hot enhanced distribution security (Hot EDS) - ("TKGIHB")
20/12/2007
Share Telkom SA Limited
Strike Price R121.50
Stop-Loss Level R137.50
Expiry Date 15/01/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 400,000
JSE Code TKGIHB/ ZAE000092292
Investec Bank Limited, as Issuers of the above TKGIHB, Hot Enhanced Distribution
Security (HOT EDS), would like to advise Holders that due to the breach of the
stop loss level of R137.50 in the Underlying Share, as of close of business
Thursday, 20 December 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 R121.50. 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: 21/12/2007 10:44:47 Produced by the JSE SENS Department.
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