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JSE KIOIHB
INVS
KIOIHB - Investec Bank Limited - Rebate payment for enhanced dividend securities
- KIOIHB
INVESTEC BANK LIMITED - REBATE PAYMENT FOR ENHANCED DIVIDEND SECURITIES - KIOIHB
Share Kumba Iron Ore Limited
Strike Price R197.63
Stop-Loss Level R223.98
Expiry Date 07/10/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 120,000
JSE Code KIOIHB ZAE000113486
Investec Bank Limited, as Issuers of the above KIOIHB, Hot Enhanced Distribution
Security (HOT EDS), advised Holders that due to the breach of the stop loss
level of R223.98 in the Underlying Share, as of close of business Friday, 18
July 2008 the abovementioned Hot Enhanced Distribution Security (HOT EDS) has
been terminated.
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
R197.63. This amount will automatically accrue to holders via instruction
through STRATE.
The VWAP on Monday, 21 July 2008 = 22226 cents
The VWAP on Tuesday, 22 July 2008 = 23382.6 cents
The simple average of the 2 day VWAP = 22804.3 cents
Rebate payment of 3041.3 cents
Holders will receive R30.413 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: 23/07/2008 10:46:06 Produced by the JSE SENS Department.
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