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JSE PPCIHD
INVS
PPCIHD - Investec Bank - Notice of barrier for hot enhanced dividend securities
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),advised 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.
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 R31.00.
This amount will automatically accrue to holders via instruction through STRATE.
The VWAP on Tuesday, 3 June 2008 = 3383.47 cents
The VWAP on Wednesday, 4 June 2008 = 3341.50 cents
The 2 day VWAP = 3362.485
Rebate payment of 262.485 cents
Holders will receive R2.62485 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: 05/06/2008 11:50:01 Produced by the JSE SENS Department.
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