| Mon 12 May 2008, 11:34 | | ABLIDD - Investec Bank - Rebate payment for enhanc |
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JSE ABLIDD
INVS
ABLIDD - Investec Bank - Rebate payment for enhanced dividend securities
Investec Bank Limited
Rebate Payment For Enhanced Dividend Securities
Share African Bank Investments Limited
Strike Price R16.75
Stop-Loss Level R25.12
Expiry Date 15/05/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 2,000,000
JSE Code ABLIDD/ZAE000094595
Investec Bank Limited, as Issuers of the above ABLIDD, Enhanced Distribution
Security (EDS), advised Holders that due to the breach of the stop loss level of
R25.12 in the Underlying Share, as of close of business Wednesday, 7 May 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 R16.75. This amount
will automatically accrue to holders via instruction through STRATE.
The VWAP on Thursday, 8 May 2008 = 2471.15 cents
The VWAP on Friday, 9 May 2008 = 2509.00 cents
The simple average of the 2 day VWAP = 2490.08
Rebate payment of 815.075 cents
Holders will receive R8.15 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: 12/05/2008 11:34:01 Produced by the JSE SENS Department.
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