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JSE SOLIRPSTXIRP
INVS
INVS - Investec Bank Limited - Expiry Notice Of Barrier Put Securities On 17
September 2009
INVESTEC BANK LIMITED
EXPIRY NOTICE OF BARRIER PUT SECURITIES ON 17 SEPTEMBER 2009
Share Sasol Limited SATRIX40 Limited
Strike R401.25 R28.88
Price
Stop-Loss R334.38 R24.06
Level
Expiry Date 17/09/2009 17/09/2009
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 806,000 562,000
JSE Code SOLIRP STXIRP
ISIN Code ZAE000131207 ZAE000131223
Investec Bank Limited, as Issuers of the above Barrier Put Securities (REVS),
hereby reminds holders of their imminent option expiry on 17 September 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 12:00 hours, one business day prior to the
Expiry Date.
Should holders choose to expire the "Existing" REVS they should notify the
Investec Equity Derivatives Desk before 12:00 hours, Friday 11 September 2009.
The "Existing" REVS will expire at full intrinsic value on the respective expiry
date. A cash settlement amount representing the number of REVS 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" REVS and sell the "New" REVS (The "New" REVS, will be
listed on the 10 September 2009) This will be done on an optimal ratio basis, a
cash distribution of any difference between the intrinsic value inherent to the
"Existing" REVS and the "New" REVS 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: 03/09/2009 13:07:02 Produced by the JSE SENS Department.
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