|
JSE SOLIHABILIHASOLIHBTKGIHBMTNIHBTKGIHAASAIHBBILIHBAGLIHASBKIHBMTNIHAAGLIHBSB
INVS
INVESTEC BANK LIMITED - Expiry of hot enhanced dividend securities 8 May 2007
INVESTEC BANK LIMITED
EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 8 MAY 2007
Share Anglo American plc Absa Group Limited
Strike Price R225.00 R 71.25
Stop-Loss Level R255.00 R 80.75
Expiry Date 08/05/2007 08/05/2007
Conv. Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1 000 000 500 000
JSE Code AGLIHA(ISIN Code ASAIHA(ISIN Code
ZAE000083499) ZAE000083507)
Share BHP Billiton plc MTN Group Limited
Strike Price R 97.50 R 39.00
Stop-Loss Level R110.50 R 44.20
Expiry Date 08/05/2007 08/05/2007
Conv. Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1 000 000 1 000 000
JSE Code BILIHA(ISIN Code MTNIHA(ISIN Code
ZAE000083515) ZAE000083523)
Share Standard Bank Group Limited Sasol Limited
Strike Price R 55.50 R187.50
Stop-Loss Level R 62.90 R212.50
Expiry Date 08/05/2007 08/05/2007
Conv. Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1 500 000 750 000
JSE Code SBKIHA(ISIN Code SOLIHA(ISIN Code
ZAE000083531) ZAE000083549)
Share Telkom SA Limited
Strike Price R 97.50
Stop-Loss Level R110.50
Expiry Date 08/05/2007
Conv. Ratio 1:1
Call/Put Call
Style American
Issue Size 500 000
JSE Code TKGIHA(ISIN Code ZAE000083556)
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend
Securities (Hot EDS), hereby reminds holders of their options relating to the
imminent expiry on 8 May 2007 (see the related securities above).
1. Holders may choose to exercise and pay the Exercise Price (Strike Price)
in order to receive the underlying securities on or before 5:00 pm, one
business day prior to the Expiry Date.
2. Should holders choose to expire the "Existing" Hot EDS, The Investec
Equity Derivatives desk must be notified before the close of business
five working days prior to the Expiry Date. The "Existing" Hot EDS will
expire at full intrinsic value on the respective expiry date. A cash
settlement amount representing the number of Hot EDS held on that date
multiplied by the excess of the simple average of the Volume Weighted
Average Price ("VWAP") of the Underlying Parcel over the two Business
Days following the Expiry Date, over the Exercise Price (Strike Price)
will automatically accrue to the holder.
3. Should holders not choose either option 1 or 2, the Investec Equity
Derivatives desk will automatically roll the "Existing" Hot EDS into
the "New" series of Hot EDS (See the related securities below) in which
case Investec will make arrangement to buy-back the "Existing" Hot EDS
and sell the "New" Hot EDS at no bid-offer spread margin. In this case,
the desk must be notified telephonically before the close of business
five working days prior to the Expiry Date. This will be done on a
one-for-one basis, a cash distribution of the difference between the
intrinsic value inherent to the "Existing" Hot EDS and the less
expensive "New" Hot EDS will accrue to the client.
INVESTEC BANK LIMITED - IF HOLDERS EXERCISE OPTION 3, THEN THE EXPIRED HOT
ENHANCED DIVIDEND SECURITIES WILL ROLL INTO THE FOLLOWING HOT ENHANCED
DIVIDEND SECURITIES
Share Anglo American plc Absa Group Limited
Strike Price R255.00 R100.00
Stop-Loss Level R288.00 R112.50
Expiry Date 15/01/2008 15/01/2008
Conv. Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1 000 000 500 000
JSE Code AGLIHB(ISIN Code ASAIHB(ISIN Code
ZAE000092169) ZAE000092151)
Share BHP Billiton plc MTN Group Limited
Strike Price R102 .00 R 66.00
Stop-Loss Level R116.00 R 75.00
Expiry Date 15/01/2008 15/01/2008
Conv. Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1 000 000 1 000 000
JSE Code BILIHB(ISIN Code MTNIHB(ISIN Code
ZAE000092177) ZAE000092243)
Share Standard Bank Group Sasol Limited (ISIN Code
Limited (ISIN Code ZAE000092276)
ZAE000092268)
Strike Price R 75.00 R185.00
Stop-Loss Level R 85.00 R210.00
Expiry Date 15/01/2008 15/01/2008
Conv. Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1 000 000 750 000
JSE Code SBKIHB SOLIHB
Share Telkom SA Limited
Strike Price R121.50
Stop-Loss Level R137.50
Expiry Date 15/01/2008
Conv. Ratio 1:1
Call/Put Call
Style American
Issue Size 400 000
JSE Code TKGIHB(ISIN Code ZAE000092292)
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: 07/05/2007 17:29:02 Produced by the JSE SENS Department.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
