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JSE ASAIHC
INVS
ASAIHC - Investec Bank - Rebate payment for hot enhanced dividend securities
Investec Bank
Rebate payment for hot enhanced dividend securities
Share ABSA Group Limited
Strike Price R76.88
Stop-Loss Level R87.13
Expiry Date 19/11/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 400, 000
JSE Code ASAIHC ZAE000115416
Investec Bank Limited, as Issuers of the above ASAIHC, Hot Enhanced Distribution
Security (HOT EDS), advised Holders that due to the breach of the stop loss
level of R87.13 in the Underlying Share, as of close of business Wednesday, 28
May 2008 the abovementioned Hot Enhanced Distribution Security (HOT EDS) has
been terminated.
The Rebate Payment, represents the number of HOT 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 R76.88.
This amount will automatically accrue to holders via instruction through STRATE.
The VWAP on Thursday, 29 May 2008 = 8360.92 cents
The VWAP on Friday, 30 May 2008 = 8506.67 cents
The simple average of the 2 day VWAP = 8433.795
Rebate payment of 745.795 cents
Holders will receive R7.45795 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: 02/06/2008 11:00:00 Produced by the JSE SENS Department.
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