| Wed 1 Oct 2008, 16:07 | | RCHIHC - Investec Bank Limited - Rebate Payment For Enhanced Dividend Securities |
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JSE RCHIHC
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RCHIHC - Investec Bank Limited - Rebate Payment For Enhanced Dividend Securities
INVESTEC BANK LIMITED - REBATE PAYMENT 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), advised 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.
The Rebate Payment, represents 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.
The VWAP on Monday, 29 September 2008 = R36.96
The VWAP on Tuesday, 30 September 2008 = R 37.11
Holders will receive R 3.055 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: 01/10/2008 16:07:03 Produced by the JSE SENS Department.
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