| Fri 5 Sep 2008, 16:10 | | AGLIDE - Investec Bank -Rebate Payment For Enhanced Dividend Securities - AGLIDE |
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JSE AGLIDE
INVS
AGLIDE - Investec Bank -Rebate Payment For Enhanced Dividend Securities - AGLIDE
Investec Bank Limited
Share Anglo American Plc
Strike Price R272.23
Stop-Loss Level R371.23
Expiry Date 14/05/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1,000,000
JSE Code AGLIDE ZAE000119020
Investec Bank Limited, as Issuers of the above AGLIDE, Enhanced Distribution
Security (EDS), advised Holders that due to the breach of the stop loss level of
R371.23 in the Underlying Share, as of close of business Tuesday, 2 September
2008 the abovementioned Enhanced Distribution Security (EDS) has been
terminated.
The Rebate Payment, represented 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
R272.23. This amount will automatically accrue to holders via instruction
through STRATE.
The VWAP on Wednesday, 3 September 2008 = 36278.2cents
The VWAP on Thursday, 4 September 2008 = 35823.4 cents
The simple average of the 2 day VWAP = 36050.8 cents
Rebate payment of 8827.8 cents
Holders will receive R88.278 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: 05/09/2008 16:10:06 Produced by the JSE SENS Department.
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