| Tue 12 Feb 2008, 13:12 | | SBKIDD - Investec Bank Limited - Rebate Payment For Enhanced Dividend Securities |
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JSE SBKIDD
INVS
SBKIDD - Investec Bank Limited - Rebate Payment For Enhanced Dividend Securities
INVESTEC BANK LIMITED
Rebate Payment For Enhanced Dividend Securities
Share Standard Bank Group
Limited
Strike Price R65.00
Stop-Loss Level R88.00
Expiry Date 15/10/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 7,500,000
JSE Code SBKIDD ZAE000108841
Investec Bank Limited, as Issuers of the above SBKIDD, Enhanced Distribution
Security (EDS), advised Holders that due to the breach of the stop loss level of
R88.00 in the Underlying Share, as of close of business Thursday, 7 February
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 R65.00 This amount
will automatically accrue to holders via instruction through STRATE.
The VWAP on Friday, 8 February 2008 = 8619.64 cents
The VWAP on Monday, 11 February 2008 = 8529.2 cents
The 2 day VWAP = 8574.42
Rebate payment of 2074.42 cents
Holders will receive R20.74 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)
12 February 2008
Date: 12/02/2008 13:12:01 Produced by the JSE SENS Department.
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