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JSE FSRIDERDFIDCGRTIDCAPAIDC
INVS
INVS - Investec Bank Limited - Expiry Notice Of Enhanced Dividend Securities On
14 May 2009
INVESTEC BANK LIMITED - EXPIRY NOTICE OF ENHANCED DIVIDEND SECURITIES ON 14 MAY
2009
Share ApexHi Properties FirstRand Limited Growthpoint
Ltd Properties
Limited
Strike R7.10 R7.88 R7.04
Price
Stop-Loss R9.68 R10.75 R9.60
Level
Expiry Date 14/05/2009 14/05/2009 14/05/2009
Cover Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 150,000 250,000 100,000
JSE Code APAIDC FSRIDE GRTIDC
ISIN Code ZAE000119038 ZAE000120358 ZAE000119061
Share Redefined Income Remgro Limited
Fund Limited
Strike R3.36 R37.19
Price
Stop-Loss R4.58 R50.72
Level
Expiry Date 14/05/2009 14/05/2009
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 350,000 400,000
JSE Code RDFIDC REMIDE
ISIN Code ZAE000119103 ZAE00011911
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 14 May 2009
(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, Thursday 7 May 2009. 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 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" 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: 30/04/2009 11:34:01 Produced by the JSE SENS Department.
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