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JSE TKGIDF
INVS
TKGIDF - Investec Bank Limited - Adjustment To The Terms And Conditions
INVESTEC BANK LIMITED
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 is adjusted
accordingly to leave warrant holders in an equivalent economic position as prior
to the special dividend. Please be advised the following positions have been
calculated using closing prices on Friday, 22 May 2009.
TKG close LDT (22 May 2009): 58.01
TKG special dividend (Ex 25 May 2009): 19.00
TKG Theoretical close EX (25 May 2009) = 58.01-19.00 = 39.01 (assuming no market
movement)
The following adjustments will be made:
Factor: TKG Theoretical close EX (25 May 2009) / TKG close LDT (22 May 2009) =
0.672470
Prior to TKGIDF After the Corporate TKGIDF
Corporate action
Action
Strike R30.07 Adjusted Strike R20.22
Price Price (R30.07x
factor)
Barrier R41.01 Adjusted Barrier R27.58
Level Level (R41.01.00 x
factor)
Rebate R10.94 Adjusted Rebate R7.36
Payment Payment
(Barrier - (Barrier - Strike)
Strike)
Price R29.35 New Price R19.72
Spot R58.01 Spot R39.01
Position 100 New Position 148
(100/factor)
Value Value
R2935.00 R2918.56 +
Cash R16.44 =
R2935.00
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: 22/05/2009 17:52:02 Produced by the JSE SENS Department.
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