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JSE
INVS
INVS - Investec Bank Limited - Expiry Of Enhanced Dividend Securities 8 May 2008
Expiry Of Enhanced Dividend Securities 8 May 2008
Share Strike Stop-Loss Cover Call Style Issue JSE Code
Price Level Ratio /Put Size
Telkom SA R71.89 R98.04 1:1 Call American 500,000 TKGIDD
Limited ZAE000
114500
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 8 May 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" EDS they should notify the
Investec Equity Derivatives Desk before 5:00 pm, five business days prior to the
Expiry Date. The "Existing" EDS will expire at full intrinsic value on the
respective 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. (The "New" EDS will be
listed on Tuesday, 6 May 2008.) This will be done on an optimal ratio basis, a
cash distribution of any difference between the intrinsic value inherent to the
"Existing" EDS and the "New" EDS will accrue to the client.
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: 30/04/2008 11:18:01 Produced by the JSE SENS Department.
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