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JSE TONIDDANGIDCFSRIDBBCXIDCAPNIDCTBSIDCBAWIDDKIOIDBJDGIDDAPNIDDPPCIDCFSRIDCSO
INVS
INVS - Investec Bank Limited - Expiry of enhanced dividend securities 15
Novemebr 2007
INVESTEC BANK LIMITED
EXPIRY OF ENHANCED DIVIDEND SECURITIES 15 NOVEMEBR 2007
Share AngloGold Ashanti Limited Aspen Pharmacare Holdings
Limited
Strike Price R175.00 R17.50
Stop-Loss Level R240.00 R24.00
Expiry Date 15/11/2007 15/11/2007
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 20 Million 20 Million
JSE Code ANGIDC ZAE000087011 APNIDC ZAE000087029
Share Barloworld Limited Business Connexion Group
Limited
Strike Price R77.50 R4.40
Stop-Loss Level R106.00 R6.00
Expiry Date 15/11/2007 15/11/2007
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 20 Million 20 Million
JSE Code BAWIDC ZAE000087037 BCXIDB ZAE000087045
Share Datatec Limited Edgars Consolidated
Stores Limited
Strike Price R16.25 R20.00
Stop-Loss Level R22.00 R27.50
Expiry Date 15/11/2007 15/11/2007
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1 Million 20 Million
JSE Code DTCIDB ZAE000088530 ECOIDC ZAE000087052
Share Eland Platinum Holdings Foschini Group Limited
Limited
Strike Price R16.00 R29.50
Stop-Loss Level R21.75 R40.00
Expiry Date 15/11/2007 15/11/2007
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 2 Million 20 Million
JSE Code ELDIDA ZAE000087888 FOSIDC ZAE000087078
Share Firstrand Limited Goldfields Limited
Strike Price R10.00 R70.00
Stop-Loss Level R13.50 R96.00
Expiry Date 15/11/2007 15/11/2007
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 20 Million 2 Million
JSE Code FSRIDB ZAE000087060 GFIIDD ZAE000088902
Share Grindrod Limited Highveld Steel and
Vanadium Corporation
Limited
Strike Price R8.00 R38.00
Stop-Loss Level R11.00 R52.00
Expiry Date 15/11/2007 15/11/2007
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 20 Million 20 Million
JSE Code GNDIDB ZAE000087086 HVLIDB ZAE000087094
Share JD Group Limited Kumba Iron Ore Limited
Strike Price R42.00 R53.61
Stop-Loss Level R57.00 R73.08
Expiry Date 15/11/2007 15/11/2007
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 20 Million 20 Million
JSE Code JDGIDC ZAE000087102 KIOIDA ZAE000088415
Share Exxaro Resources Limited MTN Group Limited
Strike Price R78.50 R36.50
Stop-Loss Level R107.00 R50.00
Expiry Date 15/11/2007 15/11/2007
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 20 Million 20 Million
JSE Code EXXIDA ZAE000088449 MTNIDC ZAE000087128
Share Metorex Limited Nedbank Group Limited
Strike Price R8.15 R63.50
Stop-Loss Level R11.50 R86.50
Expiry Date 15/11/2007 15/11/2007
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1.5 Million 20 Million
JSE Code MTXIDA ZAE000090916 NEDIDB ZAE000087136
Share Old Mutual Plc Pretoria Portland cement
Company Limited
Strike Price R13.00 R20.75
Stop-Loss Level R17.75 R28.30
Expiry Date 15/11/2007 15/11/2007
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 20 Million 20 Million
JSE Code OMLIDB ZAE000087144 PPCIDC ZAE000087151
Share SABMiller Plc Sappi Limited
Strike Price R80.00 R57.00
Stop-Loss Level R109.00 R77.50
Expiry Date 15/11/2007 15/11/2007
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 20 Million 20 Million
JSE Code SABIDB ZAE000087169 SAPIDB ZAE000087177
Share Standard Bank Group Sasol Limited
Limited
Strike Price R45.50 R141.00
Stop-Loss Level R62.50 R192.00
Expiry Date 15/11/2007 15/11/2007
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 20 Million 20 Million
JSE Code SBKIDC ZAE000087193 SOLIDC ZAE000087185
Share Tiger Brands Limited Tongaat Hulett Limited
Strike Price R78.50 R52.00
Stop-Loss Level R107.00 R70.50
Expiry Date 15/11/2007 15/11/2007
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 20 Million 20 Million
JSE Code TBSIDB ZAE000087318 TONIDC ZAE000101077
Share Absa Group Limited
Strike Price R60.00
Stop-Loss Level R81.00
Expiry Date 15/11/2007
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 20 Million
JSE Code ASAIDC ZAE000087003
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their options relating to the imminent expiry
on 15 November 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" EDS they should notify the
Investec Equity Derivatives Desk before 5:00 pm, five business day prior to the
Expiry Date. A cash settlement amount representing the number of 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" EDS and sell the "New" 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" EDS and the
less expensive "New" EDS will accrue to the client. However, if the "New" EDS
are more expensive than the "Expiring` EDS, Investec will apply a ratio and pay
the cash difference.
INVESTEC BANK LIMITED - IF HOLDERS EXERCISE OPTION 3, THEN THE EXPIRED ENHANCED
DIVIDEND SECURITIES WILL ROLL INTO THE FOLLOWING ENHANCED DIVIDEND SECURITIES
Share AngloGold Ashanti Aspen Pharmacare Holdings
Limited Limited
Strike Price R165.00 R20.50
Stop-Loss Level R225.00 R28.00
Expiry Date 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 2 Million 1.5 Million
JSE Code ANGIDD ZAE000108627 APNIDD ZAE000108635
Share Barloworld Limited Business Connexion Group
Limited
Strike Price R68.75 R3.40
Stop-Loss Level R94.00 R4.65
Expiry Date 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1.5 Million 800,000
JSE Code BAWIDD ZAE000108650 BCXIDC ZAE000108668
Share Datatec Limited Foschini Group Limited
Strike Price R20.50 R28.00
Stop-Loss Level R27.75 R38.25
Expiry Date 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 500,000 1.5 Million
JSE Code DTCIDC ZAE000108676 FOSIDD ZAE000108692
Share Firstrand Limited Goldfields Limited
Strike Price R13.90 R64.50
Stop-Loss Level R19.00 R87.75
Expiry Date 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 20 Million 2 Million
JSE Code FSRIDC ZAE000108700 GFIIDE ZAE000108718
Share Grindrod Limited Highveld Steel and
Vanadium Corporation
Limited
Strike Price R14.30 R62.00
Stop-Loss Level R19.50 R84.00
Expiry Date 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1.5 Million 100,000
JSE Code GNDIDC ZAE000108726 HVLIDC ZAE000108734
Share JD Group Limited Kumba Iron Ore Limited
Strike Price R32.75 R141.50
Stop-Loss Level R44.50 R192.75
Expiry Date 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1.5 Million 500,000
JSE Code JDGIDD ZAE000108742 KIOIDB ZAE000108759
Share Exxaro Resources Limited MTN Group Limited
Strike Price R55.50 R65.50
Stop-Loss Level R75.75 R89.50
Expiry Date 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1.5 Million 15 Million
JSE Code EXXIDB ZAE000108767 MTNIDD ZAE000108775
Share Metorex Limited Nedbank Group Limited
Strike Price R15.50 R80.25
Stop-Loss Level R20.50 R109.50
Expiry Date 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1.4 Million 1.5 Million
JSE Code MTXIDB ZAE000108783 NEDIDC ZAE000108791
Share Old Mutual Plc Pretoria Portland cement
Company Limited
Strike Price R13.00 R25.50
Stop-Loss Level R17.50 R34.50
Expiry Date 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 20 Million 3 Million
JSE Code OMLIDC ZAE000108809 PPCIDD ZAE000108817
Share SABMiller Plc Sappi Limited
Strike Price R105.50 R55.00
Stop-Loss Level R144.00 R75.00
Expiry Date 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 3 Million 1.5 Million
JSE Code SABIDC ZAE000108825 SAPIDC ZAE000108833
Share Standard Bank Group Limited Sasol Limited
Strike Price R65.00 R182.00
Stop-Loss Level R88.00 R248.00
Expiry Date 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 7.5 Million 5 Million
JSE Code SBKIDD ZAE000108841 SOLIDD ZAE000108858
Share Tiger Brands Limited Absa Group Limited
Strike Price R100.00 R71.50
Stop-Loss Level R137.50 R97.50
Expiry Date 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1 Million 3 Million
JSE Code TBSIDC ZAE000108866 ASAIDD ZAE000108643
Share Tongaat Hulett Limited
Strike Price R55.00
Stop-Loss Level R75.00
Expiry Date 15/10/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 150,000
JSE Code TONIDD ZAE000108874
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: 02/11/2007 09:30:19 Produced by the JSE SENS Department.
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employees and agents accept no liability for (or in respect of) any direct,
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