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JSE ASAIHD
INVS
ASAIHD - Investec Bank Limited - Expiry Of Hot Enhanced Dividend Securities
14 May 2009
Investec Bank Limited
Expiry Of Hot Enhanced Dividend Securities 14 May 2009
Share ABSA Group Limited
Strike Price R62.93
Stop-Loss Level R71.32
Expiry Date 14/05/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 500 000
JSE Code ASAIHD
ISIN Code ZAE000120374
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend
Securities (HOT EDS), hereby reminds holders of their imminent option expiry
on 14 May 2009 (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, Thursday 7 May 2009. 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, will be listed on the 8 May 2009) 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: 30/04/2009 09:37:01 Produced by the JSE SENS Department.
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