JSE WARIDA
INVS
Investec Bank Limited - Warrant announcement relating to Goldfields Limited
acquiring over 90% of Western Areas Limited shares
Investec Bank Limited
WARRANT ANNOUNCEMENT RELATING TO GOLDFIELDS LIMITED ACQUIRING OVER 90% OF
WESTERN AREAS LIMITED SHARES
Underlying Share Western Areas Limited
Strike Price R 21.50
Stop-Loss Level R29.00
Expiry Date 15/05/2007
Conv. Ratio 1:1
Call/Put Call
Style American
Issue Size 20 Million
JSE Code and ISIN Code WARIDA (ISIN Code ZAE000081899)
As a result of the announcement in which Goldfields Limited ("GFI") intends to
invoke Section 440k of the companies act, which will result in Goldfields
compulsory acquiring all shares of Western Areas Limited ("WAR") in respect of
which the offer was not accepted, Investec Bank Limited, as Issuers of the above
WARIDA Enhanced Dividend Security (EDS), advise Holders that WARIDA will be
terminated at close of trade on 26 January 2007, and that Investec Bank Limited
will repurchase the outstanding WARIDA Enhanced Dividend Securities at fair
market value as at the close of trade on Friday, 26 January 2007.
Holders and those who acquire the WARIDA "EDS" as at the close of trade on 26
January 2007 will therefore be entitled to a cash payment of the fair market
value in terms of the offering circular, as derived off the WARIDA closing
price.
This fair value amount will automatically accrue to holders via instruction to
STRATE.
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: 25/01/2007 15:42:04 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
