EXXIDB - Investec Bank - Notice Of Barrier For Enhanced Dividend Securities
JSE EXXIDB
INVS
EXXIDB - Investec Bank - Notice Of Barrier For Enhanced Dividend Securities
Investec Bank Limited
Share Exxaro Resources Limited
Strike Price R55.50
Stop-Loss Level R75.75
Expiry Date 15/10/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 20,000,000
JSE Code EXXIDB ZAE000108767
Investec Bank Limited, as Issuers of the above EXXIDB, Enhanced Distribution
Security (EDS), would like to advise Holders that due to the breach of the
stop loss level of R75.75 in the Underlying Share, as of close of business
Friday, 3 October 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 R55.50. 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: 06/10/2008 08:59:09 Produced by the JSE SENS Department.
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