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JSE SBKIHD
INVS
SBKIHD - Investec Bank - Notice Of Barrier For Hot Enhanced Dividend Securities
- Standard Bank Group Ltd
INVESTEC BANK LIMITED - NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND SECURITIES -
STANDARD BANK GROUP LTD
Share Standard Bank Group
Ltd
Strike Price R57.56
Stop-Loss Level R65.24
Expiry Date 29/06/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1,500 000
JSE Code SBKIHD ZAE000121547
Investec Bank Limited, as Issuers of the above SBKIHD, Hot Enhanced Distribution
Security ( HOT EDS), would like to advise Holders that due to the breach of the
stop loss level of R65.24 in the Underlying Share, as of close of business
Friday, 20 February 2009 the abovementioned Hot Enhanced Distribution Security
(HOT 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 R57.56 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: 23/02/2009 08:49:49 Produced by the JSE SENS Department.
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