| Mon 22 Sep 2008, 10:58 | | INVS - Investec Bank Limited - Expiry of hot enhanced dividend securities 7 |
|
JSE BILIHCSOLIHC
INVS
INVS - Investec Bank Limited - Expiry of hot enhanced dividend securities 7
October 2008
INVESTEC BANK LIMITED - EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 7 OCTOBER
2008
Share BHP Biliton Plc Sasol Limited
Strike Price R152.99 R266.40
Stop-Loss Level R173.39 R301.92
Expiry Date 07/10/2008 07/10/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1,000,000 750,000
JSE Code BILIHC SOLIHC
ISIN Code ZAE000113460 ZAE000113502
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities
(HOT EDS), hereby reminds holders of their imminent option expiry on 07 October
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
expiry. 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. (The "New" Hot
EDS, were listed on the 11 September 2008) This will be done on an optimal ratio
basis, a cash distribution of any difference between the intrinsic value
inherent to the "Existing" Hot EDS and the "New" Hot 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: 22/09/2008 10:58:10 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.
