| Thu 7 May 2009, 10:58 | | INVS - Investec Bank Limited - Expiry Notice Of Enhanced Dividend Securities |
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JSE GFIIDGSABIDDIPLIDC
INVS
INVS - Investec Bank Limited - Expiry Notice Of Enhanced Dividend Securities
On 21 May 2009
INVESTEC BANK LIMITED
EXPIRY NOTICE OF ENHANCED DIVIDEND SECURITIES ON 21 MAY 2009
Share Gold Fields Imperial Holdings SABMiller Plc
Limited Limited
Strike R37.79 R26.95 R95.09
Price
Stop-Loss R51.53 R36.75 R129.67
Level
Expiry Date 21/05/2009 21/05/2009 21/05/2009
Cover Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 1,000,000 350,000 500,000
JSE Code GFIIDG IPLIDC SABIDD
ISIN Code ZAE000124939 ZAE000124962 ZAE000125035
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 21 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" EDS they should notify the
Investec Equity Derivatives Desk before 5:00 pm, Friday 15 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.
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: 07/05/2009 10:58:01 Produced by the JSE SENS Department.
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