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JSE ANGIDD
INVS
ANGIDD - Investec Bank Limited - Adjustment to the terms and conditions of
ANGIDD
INVESTEC BANK LIMITED
ADJUSTMENT TO THE TERMS AND CONDITIONS OF ANGIDD - ZAE000108627
Investec Enhanced Dividend Securities (EDS)
As a result of Anglo Gold Ashanti Limited rights issue, ANGIDD has been adjusted
accordingly to leave warrant holders in an equivalent cash position as prior to
the rights issue.
For every 100 ANG holders will receive 24.60403 ANGN
ANG close EX (2 June 2008): 267.10
ANGN close EX (2 June 2008): 74.50
ANG Theoretical close EX (2 June 2008) = (267.10*100 + 74.50*24.60403)/100
= 285.43
The strike price and barrier level has been adjusted to leave ANGIDD with the
same intrinsic as prior to the rights issue.
The following adjustments are made:
Factor: ANG close EX / ANG Theoretical close EX = 0.9358
Prior to ANGIDD After the Corporate ANGIDD
Corporate Action action
Strike Price R165.00 Adjusted Strike Price R154.40
(165.00x factor)
Barrier Level R225.00 Adjusted Barrier Level R210.55
(225.00 x factor)
Rebate Payment R60.00 Adjusted Rebate R56.15
(Barrier - Payment
Strike) (Barrier - Strike)
Price R131.30 New Price R122.90
Spot R285.43 Spot R267.10
Position 100 New Position 106
(100/factor)
Value Value
R13, 130.00 R13, 027.40 + Cash
R102.60 = R13,130.00
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.: 0860 103 343
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 11:29:01 Produced by the JSE SENS Department.
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