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JSE SBKIHE
INVS
SBKIHE - Investec Bank Limited - Expiry of Hot Enhanced Dividend Securities
18 November 2009
Investec Bank Limited
Expiry of Hot Enhanced Dividend Securities 18 November 2009
Share Standard Bank
Group
Strike Price R47.25
Stop-Loss Level R53.55
Expiry Date 18/11/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 3 467 000
JSE Code SBKIHE
ISIN Code ZAE000132759
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities
(HOT EDS), hereby advises holders of their option expiry that occurred on the 18
November 2009 (see the related securities above).
Investec Bank Limited has chosen to expire the option. The Hot EDS have expired
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 accrue to the holder on the 25 November 2009.
Accordingly the VWAP is calculated as follows:-
The VWAP on, 19 November 2009 = 9684.2 cents
The VWAP on, 20 November 2009 = 9584.29 cents
The simple average of the 2 day VWAP = 9634.245
Holders will receive ZAR 49.09245 for every warrant held.
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: 24/11/2009 14:11:02 Produced by the JSE SENS Department.
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