MTNIDE - Investec Bank - Notice of barrier for enhanced dividend securities
JSE MTNIDE
INVS
MTNIDE - Investec Bank - Notice of barrier for enhanced dividend securities
INVESTEC BANK LIMITED
NOTICE OF BARRIER FOR ENHANCED DIVIDEND SECURITIES - MTNIDE
Share MTN Group Limited
Strike Price R65.10
Stop-Loss Level R88.77
Expiry Date 01/09/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 3,000,000
JSE Code MTNIDE ZAE000126165
Investec Bank Limited, as Issuers of the above MTNIDE, Enhanced Distribution
Security (EDS), would like to advise Holders that due to the breach of the stop
loss level of R88.77 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 R65.10. 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 17:36:11 Produced by the JSE SENS Department.
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