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JSE PPCIHD
INVS
PPCIHD - Investec Bank Limited - Notice of barrier for hot enhanced dividend
securities - PPCIHD
INVESTEC BANK LIMITED - NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND SECURITIES -
PPCIHD
Share PRETORIA PORTLAND CEMENT COMPANY LIMITED
Strike Price R31.00
Stop-Loss Level R35.25
Expiry Date 6/13/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1 Mil
JSE Code PPCIHD ZAE000103057
Investec Bank Limited, as Issuers of the above PPCIHD, Hot Enhanced
Distribution Security (HOT EDS), would like to advise Holders that due to
the breach of the stop loss level of R35.25 in the Underlying Share, as of
close of business Monday, 2 June 2008 the abovementioned Hot Enhanced
Distribution Security (HOT EDS) has been terminated.
Holders are now entitled to receive the Rebate Payment, represented by 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 R31.00. This amount will automatically
accrue to holders via instruction through STRATE.
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: 03/06/2008 11:05:01 Produced by the JSE SENS Department.
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