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JSE PPCIHF
INVS
PPCIHF - Investec Bank Limited - Rebate Payment for Hot Enhanced Dividend
Securities
Investec Bank Limited
Rebate Payment For Hot Enhanced Dividend Securities
Share PRETORIA PORTLAND
CEMENT COMPANY
LIMITED
Strike Price R23.81
Stop-Loss Level R26.99
Expiry Date 14/05/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 600,000
JSE Code PPCIHF ZAE000120887
Investec Bank Limited, as Issuers of the above PPCIHF, Hot Enhanced Distribution
Security (HOT EDS), advised Holders that due to the breach of the stop loss
level of R26.99 in the Underlying Share, as of close of business Monday, 7 July
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 R23.81.
This amount will automatically accrue to holders via instruction through STRATE.
The VWAP on Tuesday, 8 July 2008 = 2638.45 cents
The VWAP on Wednesday, 9 July 2008 = 2722.09 cents
The 2 day VWAP = 2680.27
Rebate payment of 299.27 cents
Holders will receive 2.9927 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: 10/07/2008 10:32:05 Produced by the JSE SENS Department.
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