| Thu 20 Mar 2008, 14:11 | | INVS - Investec Bank Limited - Rebate payment for enhanced dividend securities - |
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JSE OMLIDC
INVS
INVS - Investec Bank Limited - Rebate payment for enhanced dividend securities -
OMLIDC
INVESTEC BANK LIMITED - REBATE PAYMENT FOR ENHANCED DIVIDEND SECURITIES - OMLIDC
Share Old Mutual Plc
Strike Price R13.00
Stop-Loss Level R17.50
Expiry Date 15/10/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 20,000,000
JSE Code OMLIDC ZAE000108809
Investec Bank Limited, as Issuers of the above OMLIDC, Enhanced Distribution
Security (EDS), advised Holders that due to the breach of the stop loss level of
R17.50 in the Underlying Share, as of close of business Monday, 17 March 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 R13.00. This amount
will automatically accrue to holders via instruction through STRATE.
The VWAP on Tuesday, 18 March 2008 = 1712.06 cents
The VWAP on Wednesday, 19 March 2008 = 1726.19 cents
The simple average of the 2 day VWAP = 1719.13 cents
Rebate payment of 419.125 cents
Holders will receive R4.19 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: 20/03/2008 14:11:48 Produced by the JSE SENS Department.
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