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JSE TKGIDF
INVS
TKGIDF - Investec Bank - Indicative adjustment to the terms and conditions
INVESTEC BANK LIMITED
INDICATIVE ADJUSTMENT TO THE TERMS AND CONDITIONS OF TKGIDF - ZAE000130282
Investec Enhanced Dividend Securities (EDS)
As a result of the Telkom Limited corporate action, TKGIHE is adjusted
accordingly to leave warrant holders in an equivalent economic position as prior
to the unbundling. Please be advised the following positions are final and the
actual adjustment using actual closing prices of the unbundling shares as at
Monday, 18 May 2009.
E.g.
TKG close (18 May 2009) = 60.00
VOD close (18 May 2009) = 58.80
TKG Theoretical close (18 May 2009) = 60.00 + 58.80 = 118.80
The strike price and barrier level will be adjusted as follows:-
Factor: TKG close (18 May 2009) / TKG Theoretical close (18 May 2009) = 0.505051
Prior to TKGIDF After the TKGIDF
Corporate Corporate
Action action
Strike Price R59.54 Adjusted R30.07
Strike Price
(R59.54x
factor)
Barrier R81.20 Adjusted R41.01
Level Barrier Level
(R81.20 x
factor)
Rebate R21.66 Adjusted R10.94
Payment Rebate
(Barrier - Payment
Strike) (Barrier -
Strike)
Price R62.17 New Price R31.29
Spot R118.80 Spot R60.00
Position 100 New Position 198
(100/factor)
Value Value
R6217.00 R6195.42 + R21.58
(cash)
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.: 0860 103 343
E-mail: warrants@investec.co.za
Internet: www.investecwarrants.com
Sponsor
Investec Securities Limited
Member of the JSE
Registration number. 1972/008905/06)
Date: 19/05/2009 13:16:02 Produced by the JSE SENS Department.
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