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JSE PPCIDD
INVS
PPCIDD - Investec Bank Limited - Rebate payment for enhanced dividend securities
INVESTEC BANK LIMITED
REBATE PAYMENT FOR ENHANCED DIVIDEND SECURITIES - PPCIDD
Share PRETORIA PORTLAND CEMENT COMPANY LIMITED
Strike Price R25.50
Stop-Loss Level R34.50
Expiry Date 10/15/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1.5 Mil
JSE Code PPCIDD ZAE000108817
Investec Bank Limited, as Issuers of the above PPCIDD, Enhanced Distribution
Security (EDS), advised Holders that due to the breach of the stop loss level
of R34.50 in the Underlying Share, as of close of business Tuesday, 3 June 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 R25.50. This
amount will automatically accrue to holders via instruction through STRATE.
The VWAP on Wednesday, 4 June 2008 = 3341.5 cents
The VWAP on Thursday, 5 June 2008 = 3447.68 cents
The simple average of the 2 day VWAP = 3394.59 cents
Rebate payment of 844.59 cents
Holders will receive R8.4459 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: 06/06/2008 10:58:01 Produced by the JSE SENS Department.
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