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TBSIHB - Investec Bank - Notice Of Barrier For Hot Enhanced Dividend Securities

Release Date: 14/02/2008 09:45
Code(s): JSE TBSIHB
Wrap Text

TBSIHB - Investec Bank - Notice Of Barrier For Hot Enhanced Dividend Securities Correction to Announcement released 13 February: Strike Price and Stop Loss level amended Share Tiger Brands Limited Strike Price R119.25 Stop-Loss Level R135.15 Expiry Date 07/10/2008 Cover Ratio 1:1 Call/Put Call Style American Issue Size 200,000 JSE Code TBSIHB ZAE000113528 Investec Bank Limited, as Issuers of the above TBSIHB, Hot Enhanced Distribution Security (HOT EDS), would like to advise Holders that due to the breach of the stop loss level of R135.15 in the Underlying Share, as of close of business Wednesday, 13 February 2008 the abovementioned Hot Enhanced Distribution Security (HOT EDS) has been terminated. Holders are now entitled to receive the Rebate Payment, represented by 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 R119.25. This amount will automatically accrue to holders via instruction through 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.: 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: 14/02/2008 09:45:50 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.

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