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JSE TKGIHC
INVS
TKGIHC - Investec Bank - Rebate payment for hot enhanced dividend securities
INVESTEC BANK LIMITED
REBATE PAYMENT FOR HOT ENHANCED DIVIDEND SECURITIES - TKGIHC
Share Telkom SA Limited
Strike Price R102.74
Stop-Loss Level R116.44
Expiry Date 07/10/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 500,000
JSE Code TKGIHC ZAE000113536
Investec Bank Limited, as Issuers of the above TKGIHC, Hot Enhanced Distribution
Security (HOT EDS), advised Holders that due to the breach of the stop loss
level of R116.44 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
R102.74. This amount will automatically accrue to holders via instruction
through STRATE.
The VWAP on Friday, 19 September 2008 = 11524.7 cents
The VWAP on Monday, 21 September 2008 = 11282.5 cents
The 2 day VWAP = 11403.6
Rebate payment of 1129.6 cents
Holders will receive R11.296 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 14:15:01 Produced by the JSE SENS Department.
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