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JSE
INVS
Investec Bank Limited - Issue Of Enhanced Dividend Security
Investec Enhanced Dividend Security: Commencement Date: 12/01/2007
Share Strike Stop- Expiry Conv. Call/ Style Issue JSE
Price Loss Date Ratio Put Size Code
Level
Metorex R8.15 R11.10 15/11/ 1:1 Call American 1 MTXIDA
Limited 2007 Million
(ISIN
Code
ZAE0000
90916)
The JSE Limited ("JSE") has approved the listing of the abovementioned
securities and trading will commence on 12 January 2007. All members of the JSE
may participate in trading, which will occur according to normal JSE Rules. No
emigrants or non-residents, both referred to as Restricted Shareholders, may
participate in the Enhanced Dividend Securities (EDS) programme. As the
securities have been dematerialised, settlement will be effected electronically
through the STRATE system of the JSE and accordingly, certificates evidencing
the securities 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: 12/01/2007 08:45:03 Produced by the JSE SENS Department.
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