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JSE IMPIRP
INVS
IMPIRP - Investec Bank - Rebate Payment Notice For The Barrier Put Warrant
INVESTEC BANK LIMITED
REBATE PAYMENT NOTICE FOR THE BARRIER PUT WARRANT (REVS) - IMPIRP
Share Impala Platinum Holdings Limited
Strike Price R199.50
Stop-Loss Level R166.25
Expiry Date 17/09/2009
Cover Ratio 1:1
Call/Put Put
Style European
Issue Size 1164 000
JSE Code IMPIRP ZAE000131181
Investec Bank Limited, as Issuers of the above IMPIRP, Barrier Put Warrants
(REVS), advised Holders that due to the breach of the stop loss level of
R166.25 in the Underlying Share, as of close of business Monday, 23 March
2009 the abovementioned Barrier Put Warrant (REVS) has been terminated.
The Rebate Payment, represents 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
R199.50. This amount will automatically accrue to holders via instruction
through STRATE.
The VWAP 24 March 2009= 17501.1 cents
The VWAP on 25 March 2009 = 17280.7cents
The simple average of the 2 day VWAP = 6383.77cents
Rebate payment of 2559.1 cents
Holders will receive R25.591 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: 26/03/2009 11:55:02 Produced by the JSE SENS Department.
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