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JSE IMPIDF
INVS
IMPIDF - Investec Bank Limited - Rebate payment for enhanced dividend securities
- IMPIDF
INVESTEC BANK LIMITED - REBATE PAYMENT FOR ENHANCED DIVIDEND SECURITIES - IMPIDF
Share Impala Platinum Holdings Limited
Strike Price R117.43
Stop-Loss Level R160.13
Expiry Date 21/05/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 800,000
JSE Code IMPIDF ZAE000124970
Investec Bank Limited, as Issuers of the above IMPIDF, Enhanced Distribution
Security (EDS), advised Holders that due to the breach of the stop loss level of
R160.13 in the Underlying Share, as of close of business Thursday, 2 October
2008 the abovementioned Enhanced Distribution Security (EDS) has been
terminated.
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
R117.43. This amount will automatically accrue to holders via instruction
through STRATE.
The VWAP on Friday, 3 October 2008 = 14022 cents
The VWAP on Monday, 5 October 2008 = 12988.2 cents
The simple average of the 2 day VWAP = 13505.1 cents
Rebate payment of 1762.1 cents
Holders will receive R17.621 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: 08/10/2008 10:39:31 Produced by the JSE SENS Department.
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