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JSE SBKIDFTBSIDEASAIDFBTIIDA
INVS
INVS - Investec Bank Limited - Expiry Notice Of Enhanced Dividend Securities On
11 November 2009
INVESTEC BANK LIMITED - EXPIRY NOTICE OF ENHANCED DIVIDEND SECURITIES ON 11
NOVEMBER 2009
Share ABSA GROUP LIMITED BRITISH AMERICAN
TOBACCO
Strike Price R53.41 R144.65
Stop-Loss Level R72.38 R197.25
Expiry Date 11/11/2009 11/11/2009
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 75 000 1 000 000
JSE Code ASAIDF BTIIDA
ISIN Code ZAE000129052 ZAE000129003
Share TIGER BRANDS STANDARD BANK GROUP
LIMITED
Strike Price R74.80 R42.08
Stop-Loss Level R102.00 R57.38
Expiry Date 11/11/2009 11/11/2009
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 250,000 1 750 000
JSE Code TBSIDE SBKIDF
ISIN Code ZAE000129086 ZAE000129078
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(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" EDS they should notify the
Investec Equity Derivatives Desk before 12:00 hours, Thursday 5 November 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 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" 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: 29/10/2009 12:17:08 Produced by the JSE SENS Department.
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