LBTIDB - Investec Bank - Notice Of Barrier For Enhanced Dividend
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LBTIDB - Investec Bank - Notice Of Barrier For Enhanced Dividend
Securities - LBTIDB
Share Liberty International Plc
Strike Price R88.50
Stop-Loss Level R132.75
Expiry Date 15/05/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 500,000
JSE Code LBTIDB ZAE00094660
Investec Bank Limited, as Issuers of the above LBTIDB, Enhanced Distribution
Security (EDS), would like to advise Holders that due to the breach of the
stop loss level of R132.75 in the Underlying Share, as of close of business
Wednesday, 9 January 2008 the abovementioned Enhanced Distribution Security
(EDS) has been terminated.
Holders are now entitled to receive the Rebate Payment, represented by the
number of 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 R88.50. 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: 10/01/2008 10:59:22 Produced by the JSE SENS Department.
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