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BILIHC - Investec Bank Limited -Rebate payment for hot enhanced dividend

Release Date: 08/10/2008 10:45
Code(s): JSE BILIHC
Wrap Text

BILIHC - Investec Bank Limited -Rebate payment for hot enhanced dividend securities - BILIHC INVESTEC BANK LIMITED -REBATE PAYMENT FOR HOT ENHANCED DIVIDEND SECURITIES - BILIHC Share Bhp Billiton Plc Strike Price R152.99 Stop-Loss Level R173.39 Expiry Date 07/10/2008 Cover Ratio 1:1 Call/Put Call Style American Issue Size 1,000,000 JSE Code BILIHC ZAE000113460 Investec Bank Limited, as Issuers of the above BILIHC, Hot Enhanced Distribution Security (HOT EDS), advised Holders that due to the breach of the stop loss level of R173.39 in the Underlying Share, as of close of business Thursday, 2 October 2008 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 R152.99. This amount will automatically accrue to holders via instruction through STRATE. The VWAP on Friday, 3 October 2008 = 17179.1cents The VWAP on Monday, 6 October 2008 = 16553.4 cents The simple average of the 2 day VWAP = 16866.25 cents Rebate payment of 1567.25 cents Holders will receive R15.6725 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: 08/10/2008 10:45:42 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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