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JSE PSGIDA
INVS
PSGIDA - Investec Bank - Rebate Payment For Enhanced Dividend Securities
INVESTEC BANK LIMITED
Share PSG Group Limited
Strike Price R14.85
Stop-Loss Level R20.25
Expiry Date 15/05/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 700,000
JSE Code PSGIDA ZAE000092771
Investec Bank Limited, as Issuers of the above PSGIDA, Enhanced Distribution
Security (EDS), advised Holders that due to the breach of the stop loss
level of R20.25 in the Underlying Share, as of close of business Wednesday,
30 January 2008 the abovementioned Enhanced Distribution Security (EDS) has
been terminated.
The Rebate Payment, represents 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
R14.85. This amount will automatically accrue to holders via instruction
through STRATE.
The VWAP on Thursday, 31 January 2008 = 1933.93 cents
The VWAP on Friday, 1 February 2008 = 1913.28 cents
The simple average of the 2 day VWAP = 1923.605 cents
Rebate payment of 438.605 cents
Holders will receive R4.37 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: 04/02/2008 11:33:33 Produced by the JSE SENS Department.
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