SLMIHB - Investec Bank - Notice Of Barrier For Enhanced Dividend Securities
JSE SLMIHB
INVS
SLMIHB - Investec Bank - Notice Of Barrier For Enhanced Dividend Securities
Investec Bank Limited
Share Sanlam Limited
Strike Price R15.00
Stop-Loss Level R17.00
Expiry Date 14/05/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 2,000,000
JSE Code SLMIHB ZAE000119178
Investec Bank Limited, as Issuers of the above SLMIHB, Hot Enhanced
Distribution Security (HOT EDS), would like to advise Holders that due to the
breach of the stop loss level of R17.00 in the Underlying Share, as of close
of business Monday, 23 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 R15.00 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: 24/06/2008 07:35:21 Produced by the JSE SENS Department.
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