Investec - Variable Strike Warrants: Adjustment to
JSE PAPIVA
INVS
Investec - Variable Strike Warrants: Adjustment to the Exercise Price - PAPIVA
Investec Bank Limited
Investec Variable Strike Warrant: Adjustment to the Exercise Price as of
09/10/2006 - ("PAPIVA")
Share Pangbourne Properties Limited
(ISIN Code ZAE000048989)
Initial Exercise Price per Share R3.65
Adjusted Exercise Price per Share R0.83
New Adjusted Exercise Price per Share R0.27
Expiry Date 18/09/2013
Conv. Ratio 1:1
Call/Put Call
Style European
Issue Size 25 Million
JSE Code PAPIVA
As a result of the "Interest Distribution" an adjustment will be made to the
exercise price to ensure the financial position of the warrant holders is
unprejudiced. This adjustment will be effective from 9 October 2006. The
warrant is exercisable only in accordance with the terms and conditions as set
out in the relevant offering circular.
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.: 286-4742
E-mail: warrants@investec.co.za
Internet: www.investecwarrants.com
Sponsor
Investec Securities Limited
Member of the JSE
Registration number. 1972/008905/06)
Date: 09/10/2006 10:57:03 AM Produced by the JSE SENS Department
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