| Mon 18 Aug 2008, 17:45 | | ANGIDD - Investec Bank - Rebate Payment For Hot Enhanced Dividend Securities |
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JSE ANGIDD
INVS
ANGIDD - Investec Bank - Rebate Payment For Hot Enhanced Dividend Securities
Investec Bank Limited
Rebate Payment For Hot Enhanced Dividend Securities
Share AngloGold Ashanti Limited
Strike Price R154.40
Stop-Loss Level R210.55
Expiry Date 15/10/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 2,000,000
JSE Code ANGIDD ZAE000108627
Investec Bank Limited, as Issuers of the above ANGIDD, Enhanced Distribution
Security (EDS), advised Holders that due to the breach of the stop loss level of
R210.55 in the Underlying Share, as of close of business Tuesday, 12 August 2008
the abovementioned Enhanced Distribution Security (EDS) has been terminated.
The Rebate Payment, represents by 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
R154.40. This amount will automatically accrue to holders via instruction
through STRATE.
The VWAP on Wednesday, 13 August 2008 = 21573.6 cents
The VWAP on Thursday, 14 August 2008 = 22676.2 cents
The 2 day VWAP = 22124.9
Rebate payment of 6684.9 cents
Holders will receive R66.849 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: 18/08/2008 17:45:05 Produced by the JSE SENS Department.
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