|
JSE IMPIDCIMPIDB
INVS
Investec - Adjustment to Impala Platinum Holdings Limited EDS
Investec Bank Limited
ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE IMPALA PLATINUM HOLDINGS LIMITED
ENHANCED DIVIDEND SECURITIES (EDS) - "IMPIDB" AND "IMPIDC"
As a result of the 8 for 1 share split of Impala Platinum Holdings Limited
("IMP"), an adjustment will be made to ensure the financial position of IMPIDB
and IMPIDC Enhanced Dividend Securities ("EDS") holders is unprejudiced by this
event. This adjustment will be effective from 6 November 2006. The EDS are
exercisable only in accordance with the terms and conditions as set out in the
relevant offering circular.
Share Impala Platinum Holdings Impala Platinum Holdings
Limited Limited
(ISIN Code ZAE000074001) (ISIN Code ZAE000082814)
Old Strike Price R410.00 R660.00
New Strike Price R51.25 R82.50
Expiry Date 15/11/2006 15/05/2007
Old Barrier Level R560.00 R900.00
New Barrier Level R 70.00 R112.50
Ratio 1:1 1:1
Call/Put Call Call
Style American American
Old Issue Size 20 Mil 20 Mil
New Issue Size 160 Mil 160 Mil
JSE Code IMPIDB IMPIDC
Due to the fact that the conversion ratio has not changed (it remains 1 for 1)
there will also be an EDS split, whereby existing holders of the IMPIDB or
IMPIDC as at 6 November 2006 will now be entitled to eight times their original
position (1 existing EDS will be converted to 8 EDS).
EG:
Before the adjustment, the holder of 1 IMPIDB or IMPIDC had the right to
purchase 1 IMP share at R100 (a total cash outlay of R100).
After the adjustment that original holder now holds 10 (previously 1) IMPIDB"s
or IMPIDC"s with the right to purchase 10 shares at R10.00 (a total outlay of
R100).
This adjustment will be effective from 6 November 2006.
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: 03/11/2006 12:00:06 PM 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
