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JSE ACLIDF
INVS
ACLIDF - Investec Bank Limited - Notice Of Barrier For Enhanced Dividend
Securities - Arcelormittal South Africa Ltd
INVESTEC BANK LIMITED - NOTICE OF BARRIER FOR ENHANCED DIVIDEND SECURITIES -
ARCELORMITTAL SOUTH AFRICA LTD
Share ArcelorMittal South Africa Ltd
Strike Price R48.68
Stop-Loss Level R66.38
Expiry Date 17/09/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 572 000
JSE Code ACLIDF ZAE000130209
Investec Bank Limited, as Issuers of the above ACLIDF, Enhanced Distribution
Security (EDS), would like to advise Holders that due to the breach of the stop
loss level of R66.38 in the Underlying Share, as of close of business Wednesday,
12 March 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 R48.68. 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: 12/03/2009 08:27:02 Produced by the JSE SENS Department.
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