ACLIRP - Investec Bank Limited - Notice of barrier for the barrier put warrant
JSE ACLIRP
INVS
ACLIRP - Investec Bank Limited - Notice of barrier for the barrier put warrant
INVESTEC BANK LIMITED
NOTICE OF BARRIER FOR THE BARRIER PUT WARRANT (REVS) - ACLIRP
Share ArcelorMittal South
Africa Ltd
Strike Price R111.83
Stop-Loss Level R93.19
Expiry Date 11/11/2009
Cover Ratio 1:1
Call/Put Put
Style European
Issue Size 500 000
JSE Code ACLIRP ZAE000128963
Investec Bank Limited, as Issuers of the above ACLIRP, Barrier Put Warrants
(REVS), would like to advise Holders that due to the breach of the stop loss
level of R93.19 in the Underlying Share, as of close of business Monday, 5
January 2009 the abovementioned Barrier Put Warrant (REVS) has been terminated.
Holders are now entitled to receive the Rebate Payment, represented by the
number of REVS 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 R111.83. 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: 06/01/2009 13:16:24 Produced by the JSE SENS Department.
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