Investec Bank Limited - DRDIBA Warrant Announcemen
JSE DRDIBA
INVS
Investec Bank Limited - DRDIBA Warrant Announcement
JSE SHARE CODE: DRDIBA
JSE ISIN CODE: ZAE000073490
Share Strike Expiry Conv. Call Style Issue JSE
Price Date Ratio /Put Size Code
DRDGold Limited R12.00 07/06/ 10:1 Call American 100 DRDIBA
2006 Million
Investec would like to advise potential buyers of the DRDIBA call warrant listed
over DRDGold Limited, that due to excessive demand for this security, Investec
has now sold-out its initial allotment of warrants.
Investec is now bid-only in this warrant and will remain so until such time as
enough warrants are bought back to make a sufficient offer. Investec advises
that due to potential continued demand from the market, current holders may now
offer their warrants at prices in excess of Investec"s fair value calculation,
thereby creating the risk that new buyers will now be buying at inflated prices.
Investec will be bid in the market at all times, but due to our sold-out status,
we may not hold the market at fair value should new buyers be prepared to pay
higher prices.
Investec advises the market that our correct bid is available through our
updated daily matrices on our website www.investecwarrants.com at all times, and
that reference should be made to this pricing matrix before any new investment
decision in this product is made.
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: 02/02/2006 08:30:10 AM Produced by the JSE SENS Department
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