To view the PDF file, sign up for a MySharenet subscription.

SOLIRS - Investec Bank Limited - Notice of barrier for the barrier put warrant

Release Date: 12/01/2011 17:45
Code(s): JSE SOLIRS
Wrap Text

SOLIRS - Investec Bank Limited - Notice of barrier for the barrier put warrant (REVS) - SOLIRS INVESTEC BANK LIMITED - NOTICE OF BARRIER FOR THE BARRIER PUT WARRANT (REVS) - SOLIRS Share Sasol Limited Strike Price R418.00 Stop-Loss Level R348.50 Expiry Date 14/02/2011 Cover Ratio 1:1 Call/Put Put Style European Issue Size 740000 JSE Code SOLIRS ZAE000146866 Investec Bank Limited, as Issuers of the above SOLIRS, Barrier Put Warrants (REVS), would like to advise Holders that due to the breach of the stop loss level of R348.50 in the Underlying Share, as of close of business Wednesday, 12 January 2011, the abovementioned Barrier Put Warrant (REVS) has been terminated. Holders are now entitled to receive the Rebate Payment, represented by the number of REVS held on the termination date, multiplied by the excess of the Exercise Price (Strike Price) of R418.00 over the simple average of the Volume Weighted Average Price ("VWAP") of the Underlying Share over the two Business Days following the Termination Date. 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.investec.com Sponsor Investec Securities Limited Member of the JSE (Registration number. 1972/008905/06) Date: 12/01/2011 17:45:02 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.

Share This Story