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JSE RMHIDA
INVS
RMHIDA - Investec Bank Limited - Expiry notice of enhanced dividend securities
on 29 June 2009
INVESTEC BANK LIMITED
EXPIRY NOTICE OF ENHANCED DIVIDEND SECURITIES ON 29 JUNE 2009
Share RMB Holdings Limited
Strike Price R12.35
Stop-Loss Level R16.84
Expiry Date 29/06/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 75,000
JSE Code RMHIDA
ISIN Code ZAE000123428
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 29 June 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, Monday 22 June 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 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" 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: 18/06/2009 11:58:02 Produced by the JSE SENS Department.
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