| Thu 6 Nov 2008, 15:33 | | INVS - Investec Bank - Expiry notice of enhanced dividend securities on |
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JSE SBKIDETBSIDDRLOIDCASAIDEIPLIDB
INVS
INVS - Investec Bank - Expiry notice of enhanced dividend securities on
19 November 2008
Investec Bank Limited
Expiry notice of enhanced dividend securities on 19 November 2008
Share ABSA Group Reunert Limited Imperial Holdings
Limited Limited
Strike R56.38 R29.43 R31.59
Price
Stop-Loss R76.88 R40.13 R43.08
Level
Expiry Date 19/11/2008 19/11/2008 19/11/2008
Cover Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 400,000 800,000 150,000
JSE Code ASAIDE RLOIDC IPLIDB
ISIN Code ZAE000115408 ZAE000115473 ZAE000115457
Share Standard Bank Tiger Brands
Group Limited Limited
Strike R48.95 R56.60
Price
Stop-Loss R66.75 R77.19
Level
Expiry Date 19/11/2008 19/11/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1,250,000 200,000
JSE Code SBKIDE TBSIDD
ISIN Code ZAE000115150 ZAE000115499
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 19
November 2008 (see the related securities above).
1. 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.
2. Should holders choose to expire the "Existing" EDS they should notify
the Investec Equity Derivatives Desk before 5:00 pm, Wednesday 12 November
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.
3. 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 the 12 November 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: 06/11/2008 15:33:01 Produced by the JSE SENS Department.
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