|
JSE
INVS
INVS - Investec Bank - Expiry of hot enhanced dividend securities
15 January 2008
Expiry of hot enhanced dividend securities 15 January 2008
Share Strike Stop- Cover Call/ Style Issue JSE Code
Price Loss Ratio Put Size
Level
Anglo R255.00 R288.00 1:1 Call American 1 Million AGLIHB
American ZAE0000
Plc 92169
BHP R102.00 R116.00 1:1 Call American 1 Million BILIHB
Billiton ZAE0000
Plc 92177
Impala R160.00 R182.00 1:1 Call American 600,000 IMPIHA
Platinum ZAE0000
Holdings 92227
Limited
Impala R141.00 R159.80 1:1 Call American 600,000 IMPIHB
Platinum ZAE000
Holdings 103032
Limited
Kumba R93.00 R105.00 1:1 Call American 150,000 KIOIHA
Iron Ore ZAE0000
Limited 92235
MTN Group R66.00 R75.00 1:1 Call American 1 Million MNTIHB
Limited ZAE0000
92243
Sasol R185.00 R210.00 1:1 Call American 750,000 SOLIHB
Limited ZAE0000
92276
The R75.00 R85.00 1:1 Call American 1 Million SBKIHB
Standard ZAE0000
Bank 92268
Group
Limited
Tiger R130.00 R147.50 1:1 Call American 200,000 TBSIHA
Brands ZAE000092
Limited 284
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 15 January 2008 (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 days prior to the
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. (The "New" Hot
EDS will be listed on Friday, 11 January 2008.) This will be done on an optimal-
ratio basis, with a cash distribution equal to the difference between the
intrinsic value inherent to the "Existing" Hot EDS multiplied by the position
held on expiry and "New" Hot EDS multiplied by the new position held.
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: 07/01/2008 15:42:01 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.
| 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 ] | |||||||||||||
|
|||||||||||||
