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PPCIHJ - Investec Bank Limited - Notice of barrier for hot enhanced dividend

Release Date: 23/02/2011 07:25
Code(s): JSE PPCIHJ
Wrap Text

PPCIHJ - Investec Bank Limited - Notice of barrier for hot enhanced dividend securities INVESTEC BANK LIMITED - NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND SECURITIES - PPCIHJ Share Pretoria Portland Cement Company Limited Strike Price R25.00 Stop-Loss Level R28.00 Expiry Date 26/08/2011 Cover Ratio 1:1 Call/Put Call Style American Issue Size 650000 JSE Code PPCIHJ ZAE000152419 Investec Bank Limited, as Issuers of the above PPCIHJ, Hot Enhanced Distribution Security ( HOT EDS), would like to advise Holders that due to the breach of the stop loss level of R28.00 in the Underlying Share, as of close of business Tuesday, 22 February 2011 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 R25.00. 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: 23/02/2011 07:25:01 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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