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JSE PPCIHJ
INVS
PPCIHJ - Investec Bank Limited - Notice of Barrier for Hot Enhanced Dividend
Securities
INVESTEC BANK LIMITED - NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND SECURITIES -
PPCIHJ
Share Pretoria Portland
Cement Company
Limited
Strike Price R25.00
Stop-Loss Level R28.00
Expiry Date 26/08/2011
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 650000
JSE Code PPCIHJ ZAE000152419
Investec Bank Limited, as Issuers of the above PPCIHJ, Hot Enhanced Distribution
Security ( HOT EDS), advised Holders that due to the breach of the stop loss
level of R28.00 in the Underlying Share, as of close of business Tuesday, 22
February 2011 the abovementioned Hot Enhanced Distribution Security (HOT EDS)
has been terminated.
The Rebate Payment, represented by the number of HOT EDS held on the termination
date, multiplied by the excess of the simple average of the Volume Weighted
Average Price ("VWAP") of the Underlying Share over the two Business Days
following the Termination Date over the Exercise Price (Strike Price) of R25.00
This amount will automatically accrue to holders via instruction through STRATE.
The VWAP on, 23 February 2011 = 2716.38 cents
The VWAP on, 24 February 2011 = 2755.17 cents
The simple average of the 2 day VWAP = 2735.775
Holders will receive R2.36 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: 25/02/2011 10:49:00 Produced by the JSE SENS Department.
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