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JSE REMIHCPPCIHG
INVS
INVS - Investec Bank - Expiry of hot enhanced dividend securities 29 June 2009
INVESTEC BANK LIMITED
EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 29 JUNE 2009
Share Pretoria Portland Remgro Limited
Cement Company Limited
Strike Price R20.59 R48.04
Stop-Loss Level R23.33 R54.44
Expiry Date 29/06/2009 29/06/2009
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 800 000 400 000
JSE Code PPCIHG REMIHC
ISIN Code ZAE000122859 ZAE000123741
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities
(HOT EDS), hereby reminds holders of their imminent option expiry on 29 June
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, Monday 22 June 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 24 June 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: 18/06/2009 11:56:02 Produced by the JSE SENS Department.
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