|
JSE APAIDD
INVS
APAIDD - Investec Bank - Indicative Adjustment To The Terms And Conditions Of
APAIDD
INVESTEC BANK LIMITED
INDICATIVE ADJUSTMENT TO THE TERMS AND CONDITIONS OF APAIDD- ZAE000135216
Investec Enhanced Dividend Securities (EDS)
As a result of ApexHi Properties Limited scheme of arrangement whereby Redefine
will acquire all of the linked units held by the ApexHi "A" linked unitholders
at a consideration of 202 Redefine linked units for every 100 ApexHi "A" linked
units held, APAIDD will be adjusted accordingly to leave warrant holders in an
equivalent cash position as prior to the corporate action.
In order to effect the above scheme of arrangement Investec will be listing
RDFIDE on Friday 7 August 2009.
However, if the value of APA closes below the barrier of R10.80 on or before 6
August 2009, then APAIDD will have barriered, and warrant holders will receive
the rebate.
E.g.
Factor = 202/100 = 2.02
APA close LDT (6 August 2009) = 14.90
RDF Theoretical close LDT (6 August 2009) = APA close LDT (6 August 2009)/Factor
= 7.38
The strike price and barrier level will be adjusted to leave holders in the
equivalent position as prior to the scheme of arrangement.
Prior to APAIDD After the Scheme RDFIDE
Corporate of Arrangement
Action
Strike R7.92 Adjusted Strike R3.92
Price Price (R7.92/
Factor)
Barrier R10.80 Adjusted Barrier R5.35
Level Level (R10.80/
Factor)
Rebate R2.88 Adjusted Rebate R1.43
Payment Payment
(Barrier - (Barrier - Strike)
Strike)
Price R7.5548 New Price R3.7400
Spot R14.90 Spot R7.38
Position 100 New Position 202
(100*Factor)
Value Value
R755.48 R755.48 + Cash 0
= R755.48
Final Adjustment will be made on Thursday 6th August 2009 after close.
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: 04/08/2009 17:54:13 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
