EXXIHB - Investec Bank - Notice Of Barrier For Hot Enhanced Dividend Securities
JSE EXXIHB
INVS
EXXIHB - Investec Bank - Notice Of Barrier For Hot Enhanced Dividend Securities
INVESTEC BANK LIMITED - NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND SECURITIES -
EXXIHB
Share Exxaro Resources Limited
Strike Price R75.90
Stop-Loss Level R86.02
Expiry Date 21/05/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 400,000
JSE Code EXXIHB ZAE000124921
Investec Bank Limited, as Issuers of the above EXXIHB, Hot Enhanced Distribution
Security (HOT EDS), would like to advise Holders that due to the breach of the
stop loss level of R86.02 in the Underlying Share, as of close of business
Tuesday, 30 September 2008 the abovementioned Hot Enhanced Distribution Security
(HOT EDS) has been terminated.
Holders are now entitled to receive the Rebate Payment, represented by 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 R75.90. 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: 01/10/2008 07:30:02 Produced by the JSE SENS Department.
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