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JSE NPNIHESABIHD
INVS
INVS - Investec Bank Limited - Expiry Of Hot Enhanced Dividend Securities 11
November 2009
Investec Bank Limited
Expiry Of Hot Enhanced Dividend Securities 11 November 2009
Share Naspers Limited SABMILLER PLC
Strike Price R116.62 R116.11
Stop-Loss Level R132.17 R131.59
Expiry Date 11/11/2009 11/11/2009
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 500 000 700 000
JSE Code NPNIHE SABIHD
ISIN Code ZAE000129094 ZAE000129102
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend
Securities (HOT EDS), hereby reminds holders of their imminent option expiry
on 11 November 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" Hot EDS they should notify the
Investec Equity Derivatives Desk before 12:00 hours, Thursday 5 November
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 5 November 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: 29/10/2009 12:16:09 Produced by the JSE SENS Department.
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