| Mon 15 Sep 2008, 9:31 | | GFIIHE - Investec Bank - Rebate payment for hot enhanced dividend securities |
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JSE GFIIHE
INVS
GFIIHE - Investec Bank - Rebate payment for hot enhanced dividend securities
INVESTEC BANK LIMITED
REBATE PAYMENT FOR HOT ENHANCED DIVIDEND SECURITIES - GFIIHE
Share Gold Fields Limited
Strike Price R53.27
Stop-Loss Level R60.38
Expiry Date 11/05/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1,000,000
JSE Code GFIIHE ZAE000124822
Investec Bank Limited, as Issuers of the above GFIIHE, Hot Enhanced Distribution
Security (HOT EDS), advised Holders that due to the breach of the stop loss
level of R60.38 in the Underlying Share, as of close of business Tuesday, 9
September 2008 the abovementioned Hot Enhanced Distribution Security (HOT EDS)
has been terminated.
The Rebate Payment, represents 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 R53.27.
This amount will automatically accrue to holders via instruction through STRATE.
The VWAP on Wednesday, 10 September 2008 = 5807.01 cents
The VWAP on Thursday, 11 September 2008 = 5986.81 cents
The simple average of the 2 day VWAP = 5896.91 cents
Rebate payment of 569.91 cents
Holders will receive R5.6991 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: 15/09/2008 09:31:21 Produced by the JSE SENS Department.
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