| Fri 31 Oct 2008, 17:08 | | REIIDA - Investec Bank Limited - Rebate Payment For Enhanced Dividend Securities |
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JSE REIIDA
INVS
REIIDA - Investec Bank Limited - Rebate Payment For Enhanced Dividend Securities
INVESTEC BANK LIMITED
REBATE PAYMENT FOR ENHANCED DIVIDEND SECURITIES
Share Reinet Investments
SCA
Strike Price R10.45
Stop-Loss Level R14.25
Expiry Date 31/07/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 2,500,000
JSE Code REIIDA ZAE000128567
Investec Bank Limited, as Issuers of the above REIIDA, Enhanced Distribution
Security (EDS), advised Holders that due to the breach of the stop loss level of
R14.25 in the Underlying Share, as of close of business Tuesday, 28 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 R10.45. This amount
will automatically accrue to holders via instruction through STRATE.
The VWAP on Wednesday, 28 October 2008 = 1275cents
The VWAP on Thursday, 29 October 2008 = 1330 cents
The simple average of the 2 day VWAP = 1302.5 cents
Rebate payment of 257.5cents
Holders will receive R2.575 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: 31/10/2008 17:08:40 Produced by the JSE SENS Department.
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