| Mon 23 Jun 2008, 10:25 | | GFIIDE - Investec Bank Limited - Rebate payment for enhanced dividend securities |
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JSE GFIIDE
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GFIIDE - Investec Bank Limited - Rebate payment for enhanced dividend securities
Investec Bank Limited
Rebate Payment For Enhanced Dividend Securities
Share Gold Fields Limited
Strike Price R64.50
Stop-Loss Level R87.75
Expiry Date 15/10/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 2,000,000
JSE Code GFIIDE ZAE000108718
Investec Bank Limited, as Issuers of the above GFIIDE, Enhanced Distribution
Security (EDS), advised Holders that due to the breach of the stop loss level of
R87.75 in the Underlying Share, as of close of business Wednesday, 18 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 R64.50. This amount
will automatically accrue to holders via instruction through STRATE.
The VWAP on Thursday, 19 June 2008 = 8786.39 cents
The VWAP on Friday, 20 June 2008 = 8749.05cents
The simple average of the 2 day VWAP =8767.72
Rebate payment of 2317.72 cents
Holders will receive R23.1772 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: 23/06/2008 10:25:08 Produced by the JSE SENS Department.
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