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JSE HVLIDE
INVS
HVLIDE - Investec Bank - Notice of barrier for enhanced dividend securities
INVESTEC BANK LIMITED
NOTICE OF BARRIER FOR ENHANCED DIVIDEND SECURITIES - HVLIDE
Share Highveld Steel and Vanadium Corporation
Limited
Strike Price R51.98
Stop-Loss Level R70.88
Expiry Date 09/10/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 400,000
JSE Code HVLIDE ZAE000127940
Investec Bank Limited, as Issuers of the above HVLIDE, Enhanced Distribution
Security (EDS), would like to advise Holders that due to the breach of the stop
loss level of R70.88 in the Underlying Share, as of close of business Thursday,
23 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 R51.98. 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: 23/10/2008 17:37:11 Produced by the JSE SENS Department.
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