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JSE RCHIHC
INVS
RCHIHC - Investec Bank - Notice of barrier for enhanced dividend
securities - RCHIHC
INVESTEC BANK LIMITED - NOTICE OF BARRIER FOR ENHANCED DIVIDEND SECURITIES -
RCHIHC
Share Richemont Securities AG
Strike Price R33.98
Stop-Loss Level R38.51
Expiry Date 29/06/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 2,500,000
JSE Code RCHIHC ZAE000123733
Investec Bank Limited, as Issuers of the above RCHIHC, Enhanced Distribution
Security (EDS), would like to advise Holders that due to the breach of the
stop loss level of R38.51 in the Underlying Share, as of close of business
Friday, 26 September 2008 the abovementioned Enhanced Distribution Security
(EDS) has been terminated.
Holders are now entitled to receive 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 R33.98 This amount will
automatically accrue to holders via instruction through STRATE.
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: 29/09/2008 10:26:02 Produced by the JSE SENS Department.
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