| Tue 23 Sep 2008, 14:14 | | MTNIHC - Investec Bank - Rebate payment for hot enhanced dividend securities |
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JSE MTNIHC
INVS
MTNIHC - Investec Bank - Rebate payment for hot enhanced dividend securities
INVESTEC BANK LIMITED
REBATE PAYMENT FOR HOT ENHANCED DIVIDEND SECURITIES - MTNIHC
Share MTN Group Limited
Strike Price R92.70
Stop-Loss Level R105.06
Expiry Date 07/10/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1,000,000
JSE Code MTNIHC ZAE000113494
Investec Bank Limited, as Issuers of the above MTNIHC, Hot Enhanced Distribution
Security (HOT EDS), advised Holders that due to the breach of the stop loss
level of R105.06 in the Underlying Share, as of close of business Thursday, 18
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 R92.70.
This amount will automatically accrue to holders via instruction through STRATE.
The VWAP on Friday, 19 September 2008 = 11301.1 cents
The VWAP on Monday, 20 September 2008 = 11846.3 cents
The 2 day VWAP = 11573.7
Rebate payment of 2303.7 cents
Holders will receive R23.037 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: 23/09/2008 14:14:01 Produced by the JSE SENS Department.
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