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JSE RMHIDBSLMIDGDTCIDG
INVS
INVS - Investec Bank Limited - Amendment to the Expiry of Enhanced Dividend
Securities 24 March 2010
Investec Bank Limited
Amendment to the Expiry of Enhanced Dividend Securities 24 March 2010
Share Datatec Limited RMB Holdings Limited
Strike Price R9.50 R12.25
Stop-Loss Level R13.00 R16.75
Expiry Date 24/03/2010 24/03/2010
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 133000 648000
JSE Code DTCIDG ZAE000137303 RMHIDB ZAE000137295
Share Sanlam Limited
Strike Price R9.25
Stop-Loss Level R12.75
Expiry Date 24/03/2010
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1735000
JSE Code SLMIDG ZAE000137311
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 24 March 2010
(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, Tuesday 16 March 2010. 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 18 March 2010) 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: 16/03/2010 14:16:03 Produced by the JSE SENS Department.
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