| Thu 9 Oct 2008, 14:24 | | AGLIHD - Investec Bank Limited -Rebate payment for hot enhanced dividend |
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AGLIHD - Investec Bank Limited -Rebate payment for hot enhanced dividend
securities - AGLIHD
INVESTEC BANK LIMITED -REBATE PAYMENT FOR HOT ENHANCED DIVIDEND SECURITIES -
AGLIHD
Share Anglo American Plc
Strike Price R220.52
Stop-Loss Level R249.92
Expiry Date 10/09/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1,000,000
JSE Code AGLIHD ZAE000126207
Investec Bank Limited, as Issuers of the above AGLIHD, Hot Enhanced Distribution
Security ( HOT EDS), advised Holders that due to the breach of the stop loss
level of R249.92 in the Underlying Share, as of close of business Monday, 6
October 2008 the abovementioned Enhanced Distribution Security (HOT EDS) has
been terminated.
The Rebate Payment, represents 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
R220.52. This amount will automatically accrue to holders via instruction
through STRATE.
The VWAP on Tuesday, 7 October 2008 = 24302.5cents
The VWAP on Wednesday, 8 October 2008 = 24030.3 cents
The simple average of the 2 day VWAP = 24166.4cents
Rebate payment of 2114.4 cents
Holders will receive R21.144 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: 09/10/2008 14:24:02 Produced by the JSE SENS Department.
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