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JSE
INVS
Investec Bank Limited - Issue of enhanced dividend securities
Investec Enhanced Dividend Securities: Commencement Date: 15/11/2006
Share Eland Platinum Holdings Limited
(ISIN Code ZAE000087888)
Strike Price R 16.00
Stop-Loss Level R 21.75
Expiry Date 15/11/2007
Conv. Ratio 1:1
Call/Put Call
Style American
Issue Size 2 Million
JSE Code ELDIDA
The JSE Limited ("JSE") has approved the listing of the abovementioned
warrant and trading will commence on 15 November 2006. All members of the
JSE may participate in trading, which will occur according to normal JSE
Rules. As the Warrants have been dematerialised, settlement will be
effected electronically through the STRATE system of the JSE and
accordingly, certificates evidencing the Warrants will not be issued to
Holders.
Members of the JSE are notified of a new function of the Enhanced Dividend
Securities (EDS) product, now included in the latest listing supplement
covering Investec"s new issue (see above), enabling Holders to
automatically re-invest the settlement proceeds back into the next series.
In line with preferred market practice, this new listing of EDS will now be
automatically re-invested into the next series at the Expiration Date (15
November 2007) without requiring any action by the Holders. The number of
new EDS taken up by Holders will be governed by the following formula:
Number of New EDS = Cash Settlement Amount/Issue Price of New EDS
Where: "Cash Settlement Amount" = Number of EDS held on that day multiplied
by the excess of the simple average of the Daily Volume Weighted Average
Price of the underlying parcel on the last two hours of the expiration date
over the Exercise Price.
Should holders wish to exercise the EDS for physical shares they will need
to notify Investec of their intentions prior to the close of business on
the expiry date.
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: 15/11/2006 08:45:05 AM Produced by the JSE SENS Department
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