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JSE BVTIDC
INVS
BVTIDC - Investec Bank Limited - Rebate Payment for Enhanced Dividend Securities
- The Bidvest Group Ltd
Investec Bank Limited
Rebate Payment 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), advised Holders that due to the breach of the stop loss level of
R85.52 in the Underlying Share, as of close of business on Tuesday, 24 February
2009 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 R62.72. This amount
will automatically accrue to holders via instruction through STRATE.
The VWAP on 25 February 2009 = 8798.06 cents
The VWAP on 26 February 2009= 8829.6 cents
The simple average of the 2 day VWAP = 8813.83cents
Rebate payment of cents 2541.83
Holders will receive R25.42 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: 27/02/2009 15:40:02 Produced by the JSE SENS Department.
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