| Wed 8 Oct 2008, 11:02 | | EXXIDB - Investec Bank Limited - Rebate payment for enhanced dividend securities |
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JSE EXXIDB
INVS
EXXIDB - Investec Bank Limited - Rebate payment for enhanced dividend securities
- EXXIDB
INVESTEC BANK LIMITED - REBATE PAYMENT FOR ENHANCED DIVIDEND SECURITIES - EXXIDB
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), advised 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.
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 R55.50. This amount
will automatically accrue to holders via instruction through STRATE.
The VWAP on Monday, 6 October 2008 = 6530.14cents
The VWAP on Tuesday, 7 October 2008 = 6227.66 cents
The simple average of the 2 day VWAP = 6378.9 cents
Rebate payment of 828.9 cents
Holders will receive R8.289 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 11:02:02 Produced by the JSE SENS Department.
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