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JSE TKGIDF
INVS
INVS - Investec Bank Limited - 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 SA Limited corporate action, TKGIDF will be adjusted
accordingly to leave warrant holders in an equivalent economic position as prior
to the special dividend. Please be advised the following positions are
indicative and an actual adjustment will be communicated using actual closing
prices on Friday, 22 May 2009. A final announcement will be released at that
time.
E.g.
TKG close LDT (22 May 2009): 60.00
TKG special dividend (Ex 25 May 2009): 19.00
TKG Theoretical close EX (25 May 2009) = 60.00-19.00 = 41.00 (Assuming no market
movement.)
The following adjustments will be made:
Factor: TKG Theoretical close EX (25 May 2009) / TKG close LDT (22 May 2009) =
0.683333
Prior to TKGIDF After the Corporate action TKGIDF
Corporate Action
Strike Price R30.07 Adjusted Strike Price R20.55
(R30.07x factor)
Barrier Level R41.01 Adjusted Barrier Level R28.02
(R41.01.00 x factor)
Rebate Payment R10.94 Adjusted Rebate Payment R7.48
(Barrier - (Barrier - Strike)
Strike)
Price R30.89 New Price R20.76
Spot R60.00 Spot R41.00
Position 100 New Position (100/factor) 146
Value Value
R3089.00 R3030.96 +
Cash R58.04 =
R3089.00
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: 20/05/2009 15:59:20 Produced by the JSE SENS Department.
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