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JSE TKGIHE
INVS
TKGIHE - Investec Bank Limited - Adjustment to the Terms and Conditions
INVESTEC BANK LIMITED
ADJUSTMENT TO THE TERMS AND CONDITIONS OF TKGIHE- ZAE000134045
Investec Hot Enhanced Dividend Securities (HOT EDS)
As a result of the Telkom SA Limited corporate action, TKGIHE 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 TKGIHE After the Corporate TKGIHE
Corporate action
Action
Strike Price R41.10 Adjusted Strike R27.64
Price (R41.10x
factor)
Barrier Level R46.58 Adjusted Barrier R31.32
Level (R46.58 x
factor)
Rebate Payment R5.48 Adjusted Rebate R3.69
(Barrier - Payment
Strike) (Barrier - Strike)
Price R20.24 New Price R13.51
Spot R58.01 Spot R39.01
Position 100 New Position 148
(100/factor)
Value Value
R2024.00 R1999.48 +
Cash R24.52 =
R2024.00
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 17:51:30 Produced by the JSE SENS Department.
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