BILIRQ - Investec Bank - Notice of barrier for the barrier put warrant
JSE BILIRQ
INVS
BILIRQ - Investec Bank - Notice of barrier for the barrier put warrant
INVESTEC BANK LIMITED
NOTICE OF BARRIER FOR THE BARRIER PUT WARRANT (REVS) - BILIRQ
Share BHP Billiton Plc
Strike Price R307.50
Stop-Loss Level R256.25
Expiry Date 25/05/2010
Cover Ratio 1:1
Call/Put Put
Style European
Issue Size 1429000
JSE Code BILIRQ ZAE000138863
Investec Bank Limited, as Issuers of the above BILIRQ, Barrier Put Warrants
(REVS), would like to advise Holders that due to the breach of the stop loss
level of R256.25 in the Underlying Share, as of close of business Tuesday, 06
April 2010 the abovementioned Barrier Put Warrant (REVS) has been terminated.
Holders are now entitled to receive 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 R307.50 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.
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: 06/04/2010 17:33:02 Produced by the JSE SENS Department.
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