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JSE IMPIDE
INVS
IMPIDE - Investec Bank Limited - Rebate payment for enhanced dividend securities
INVESTEC BANK LIMITED
REBATE PAYMENT FOR ENHANCED DIVIDEND SECURITIES
Share Impala Platinum Holdings Limited
Strike Price R169.40
Stop-Loss Level R231.00
Expiry Date 14/05/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 800,000
JSE Code IMPIDE ZAE000119079
Investec Bank Limited, as Issuers of the above IMPIDE, Hot Enhanced Distribution
Security (HOT EDS), advised Holders that due to the breach of the stop loss
level of R231.00 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
R169.40. This amount will automatically accrue to holders via instruction
through STRATE.
The VWAP on Monday, 21 July 2008 = 23385 cents
The VWAP on Tuesday, 22 July 2008 = 24558.3 cents
The simple average of the 2 day VWAP = 23971.7 cents
Rebate payment of 7031.65 cents
Holders will receive R70.3165 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 11:03:04 Produced by the JSE SENS Department.
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