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JSE NPNIDB
INVS
NPNIDB - Investec Bank Limited - Expiry of enhanced dividend securities 23
April 2010
INVESTEC BANK LIMITED
EXPIRY OF ENHANCED DIVIDEND SECURITIES 23 APRIL 2010
Share Naspers Limited
Strike Price R132.00
Stop-Loss Level R180.00
Expiry Date 23/04/2010
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 564 000
JSE Code NPNIDB ZAE000138293
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 23 April
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, Monday 19 April 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 20 April 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: 12/04/2010 11:35:02 Produced by the JSE SENS Department.
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