| Thu 7 Aug 2008, 16:22 | | SAPIDC - Investec Bank - Rebate Payment For Dividend Securities |
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JSE SAPIDC
INVS
SAPIDC - Investec Bank - Rebate Payment For Dividend Securities
Rebate Payment For Dividend Securities SAPIDC
Share Sappi Limited
Strike Price R55.00
Stop-Loss Level R75.00
Expiry Date 15/10/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1,500,000
JSE Code SAPIDC ZAE000108833
Investec Bank Limited, as Issuers of the above SAPIDC, Enhanced Distribution
Security (EDS), advised Holders that due to the breach of the stop loss level of
R75.00 in the Underlying Share, as of close of business Monday, 04 August 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 R55.00. This amount
will automatically accrue to holders via instruction through STRATE.
The VWAP on Tuesday,05 August 2008 = 7569.98 cents
The VWAP on Wednesday,6 August 2008 = 7584.92
The 2 day VWAP = 7577.45
Rebate payment of 2077.45
Holders will receive R 20.7745 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: 07/08/2008 16:22:25 Produced by the JSE SENS Department.
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