|
JSE ASAIDD
INVS
ASAIDD - Investec - Rebate payment for enhanced dividend securities
INVESTEC BANK LIMITED
REBATE PAYMENT FOR ENHANCED DIVIDEND SECURITIES
Share ABSA Group Limited
Strike Price R71.50
Stop-Loss Level R97.50
Expiry Date 15/10/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 3 Million
JSE Code ASAIDD ZAE000108643
Investec Bank Limited, as Issuers of the above ASAIDD, Enhanced
Distribution Security (EDS), advised Holders that due to the breach
of the stop loss level of R97.50 in the Underlying Share, as of
close of business Monday, 11 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 R71.50. This amount will
automatically accrue to holders via instruction through STRATE.
The VWAP on Tuesday, 12 February 2008 = 10053.9 cents
The VWAP on Wednesday, 13 February 2008 = 10378.1 cents
The simple average of the 2 day VWAP = 10216
Rebate payment of 3066 cents
Holders will receive R30.66 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: 14/02/2008 10:58:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
