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AGLIHF - Investec Bank - Amended notice of rebate payment for hot enhanced

Release Date: 09/02/2010 16:06
Code(s): JSE AGLIHF
Wrap Text

AGLIHF - Investec Bank - Amended notice of rebate payment for hot enhanced dividend securities - Anglo American Plc INVESTEC BANK LIMITED - AMENDED NOTICE OF REBATE PAYMENT FOR HOT ENHANCED DIVIDEND SECURITIES - ANGLO AMERICAN PLC Share Anglo American Plc Strike Price R246.75 Stop-Loss Level R279.75 Expiry Date 27/08/2010 Cover Ratio 1:1 Call/Put Call Style American Issue Size 650 000 JSE Code AGLIHF ZAE000142998 Investec Bank Limited, as Issuers of the above AGLIHF, Hot Enhanced Distribution Security ( HOT EDS), advised Holders that due to the breach of the stop loss level of R279.75 in the Underlying Share, as of close of business Thursday, 4 February 2010 the abovementioned Hot Enhanced Distribution Security (HOT EDS) has been terminated. The Rebate Payment, represents the number of HOT EDS held on the termination date, multiplied by the excess of the simple average of the Volume Weighted Average Price ("VWAP") of the Underlying Share over the two Business Days following the Termination Date over the Exercise Price (Strike Price) of R246.75 This amount will automatically accrue to holders via instruction through STRATE. The VWAP on, 5 February 2010 = 27175.8 cents The VWAP on, 8 February 2010 = 27733.4 cents The simple average of the 2 day VWAP = 27454.6 Holders will receive R27.796 for every warrant held 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.: 011 286-4672 E-mail: warrants@investec.co.za Internet: www.investecwarrants.com Sponsor Investec Securities Limited Member of the JSE Registration number. 1972/008905/06) Date: 09/02/2010 16:06:12 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.