| Wed 8 Oct 2008, 10:44 | | IMPIHE - Investec Bank - Rebate payment for hot enhanced dividend securities - |
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JSE IMPIHE
INVS
IMPIHE - Investec Bank - Rebate payment for hot enhanced dividend securities -
IMPIHE
INVESTEC BANK LIMITED - REBATE PAYMENT FOR HOT ENHANCED DIVIDEND SECURITIES -
IMPIHE
Share Impala Platinum
Holdings Limited
Strike Price R130.94
Stop-Loss Level R148.40
Expiry Date 01/09/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1,000,000
JSE Code IMPIHE ZAE000126256
Investec Bank Limited, as Issuers of the above IMPIHE, Hot Enhanced Distribution
Security (HOT EDS), advised Holders that due to the breach of the stop loss
level of R148.40 in the Underlying Share, as of close of business Thursday, 2
October 2008 the abovementioned Hot Enhanced Distribution Security (HOT EDS) has
been terminated.
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
R130.94. This amount will automatically accrue to holders via instruction
through STRATE.
The VWAP on Friday, 3 October 2008 = 14022cents
The VWAP on Monday, 6 October 2008 = 12988.2 cents
The simple average of the 2 day VWAP = 13505.1 cents
Rebate payment of 411.1cents
Holders will receive R4.111 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 10:44:05 Produced by the JSE SENS Department.
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