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JSE SBKIRP
INVS
SBKIRP - Investec Bank Limited - Rebate Payment For The Barrier Put Warrant
(REVS) - SBKIRP
Investec Bank Limited
Share Standard Bank Group Limited
Strike Price R140.75
Stop-Loss Level R117.25
Expiry Date 25/05/2010
Cover Ratio 1:1
Call/Put Put
Style European
Issue Size 2229000
JSE Code SBKIRP ZAE000138905
Investec Bank Limited, as Issuers of the above SBKIRP, Barrier Put Warrants
(REVS), advised Holders that due to the breach of the stop loss level of R117.25
in the Underlying Share, as of close of business Thursday, 18 March 2010 the
abovementioned Barrier Put Warrant (REVS) has been terminated.
The Rebate Payment, represented by the number of REVS held on the termination
date, multiplied by the excess of the Exercise Price (Strike Price) of R140.75
over the simple average of the Volume Weighted Average Price ("VWAP") of the
Underlying Share over the two Business Days following the Termination Date.
This amount will automatically accrue to holders via instruction through STRATE.
The VWAP 19 March 2010 = 11674.6 cents
The VWAP on 23 March 2010 = 11635.6 cents
The simple average of the 2 day VWAP = 11655.1 cents
Rebate payment of 2419.9 cents
Holders will receive R24.20 for every warrant held
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.: 011 286-4672
E-mail: warrants@investec.co.za
Internet: www.investecwarrants.com
Sponsor
Investec Securities Limited
Member of the JSE
(Registration number. 1972/008905/06)
Date: 24/03/2010 14:07:02 Produced by the JSE SENS Department.
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