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JSE NHMIDB
INVS
NHMIDB - Investec Bank Limited - Amendment expiry notice of enhanced dividend
securities on 17 July 2008
INVESTEC BANK LIMITED
AMENDMENT EXPIRY NOTICE OF ENHANCED DIVIDEND SECURITIES ON 17 JULY 2008
Share Northam Platinum Limited
Strike Price R25.00
Stop-Loss Level R32.00
Expiry Date 17/07/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 250,000
JSE Code NHMIDB
ISIN Code ZAE000110342
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 17 July 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, Thursday 10 July 2008. 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. (NHMIDC.) 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: 04/07/2008 14:21:04 Produced by the JSE SENS Department.
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