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JSE AMSIHCTONIHAFOSIHATONIHBREMIHBMLAIHBRCHIHARCHIHBSABIHAMLAIHASABIHBFOSIHBRE
INVS
INVS - Investec - Expiry Of Hot Enhanced Dividend Securities 20 September 2007
INVESTEC BANK LIMITED
EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 20 SEPTEMBER 2007
Share Anglo Platinum Foschini Group Mittal Steel South
Holdings Limited Limited Africa Limited
Strike Price R600.00 R40.00 R66.75
Stop-Loss Level R680.00 R45.00 R75.50
Expiry Date 20/09/2007 20/09/2007 20/09/2007
Cover Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 140,000 500,000 500,000
JSE Code AMSIHA FOSIHA MLAIHA
ZAE000087334 ZAE000087359 ZAE000087375
Share Richemont Remgro Limited SABMiller Plc
Securities AG
Strike Price R27.75 R117.00 R108.00
Stop-Loss Level R31.45 R132.50 R122.50
Expiry Date 20/09/2007 20/09/2007 20/09/2007
Cover Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 1,000,000 500,000 500,000
JSE Code RCHIHA REMIHA SABIHA
ZAE000087391 ZAE000087383 ZAE000087409
Share Tongaat Hulett
Limited
Strike Price R70.50
Stop-Loss Level R80.00
Expiry Date 20/09/2007
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 160,000
JSE Code TONIHA
ZAE000099594
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 20 September 2007 (see the related securities above).
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.
Should holders choose to expire the "Existing" Hot EDS they should notify the
Investec Equity Derivatives Desk before 5:00 pm, five business day 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.
Should holders not choose either option 1 or 2, Investec will make arrangement
to buy-back the "Existing" Hot EDS and sell the "New" Hot EDS at no bid-offer
spread margin. 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. However, if the
"New" Hot EDS are more expensive than the "Expiring` Hot EDS, Investec will
apply a ratio and pay the cash difference.
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 Platinum Foschini Group Mittal Steel South
Holdings Limited Limited Africa Limited
Strike Price R652.50 R43.50 R88.50
Stop-Loss Level R739.50 R49.30 R100.30
Expiry Date 30/07/2007 20/08/2008 20/08/2008
Cover Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 250,000 500,000 300,000
JSE Code AMSIHC FOSIHB MLAIHB
ZAE000102158 ZAE000103875 ZAE000103891
Share Richemont Remgro Limited SABMiller Plc
Securities AG
Strike Price R32.25 R135.00 R142.50
Stop-Loss Level R36.55 R153.00 R161.50
Expiry Date 20/08/2008 20/08/2008 20/08/2008
Cover Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 1,000,000 500,000 500,000
JSE Code RCHIHB REMIHB SABIHB
ZAE000103909 ZAE000103917 ZAE000103925
Share Tongaat Hulett
Limited
Strike Price R71.25
Stop-Loss Level R80.75
Expiry Date 20/08/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 80,000
JSE Code TONIHB
ZAE000103933
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: 07/09/2007 15:28:01 Produced by the JSE SENS Department.
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