Investec Bank Limited - Adjustment to the terms and conditions of the Grindrod
Limited Enhanced Dividend security
INVESTEC BANK LIMITED
ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE GRINDROD LIMITED ENHANCED DIVIDEND
SECURITY (EDS)
Share : Grindrod Limited
Old Strike Price : R30.50
New Strike Price : R6.10
Expiry Date : 15/11/2006
Old Barrier Level : 41.50
New Barrier Level : 8.30
Call/Put : Call
Style : American
Issue Size : 20 Mil
JSE Code : GNDIDA
ISIN Code : ZAE000073664
Following the Grindrod Ltd ("GND") announcement of a 5 for 1 share split, the
Issuer has amended the Terms and Conditions in the following way:
New Strike Price = Old Strike/5
New Barrier Level = Old Barrier/5
Due to the fact that the conversion ratio has not changed (it remains 1:1),
there will be an EDS split adjustment whereby 1 GNDIDA EDS as at close of trade
on Friday the 28th October 2005 will be converted into 5 GNDIDA EDS.
E.g. A holder of 100 GNDIDA on Friday the 28th October, will now hold 500 GNDIDA
at the new price following the aforementioned adjustments.
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: 01/11/2005 09:43:04 AM Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
