BVTIDC - Investec Bank - Notice of Barrier for Enhanced Dividend Securities
JSE BVTIDC
INVS
BVTIDC - Investec Bank - Notice of Barrier for Enhanced Dividend Securities
NOTICE OF BARRIER FOR ENHANCED DIVIDEND SECURITIES - THE BIDVEST GROUP LTD
Share The Bidvest Group Ltd
Strike Price R62.72
Stop-Loss Level R85.52
Expiry Date 14/05/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 400,000
JSE Code BVTIDC ZAE000119145
Investec Bank Limited, as Issuers of the above BVTIDC, Enhanced Distribution
Security (EDS), would like to advise Holders that due to the breach of the stop
loss level of R85.52 in the Underlying Share, as of close of business Tuesday,
24 February 2009 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 R62.72 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: 25/02/2009 07:55:46 Produced by the JSE SENS Department.
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