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JSE SABIDG
INVS
SABIDG - Investec Bank Limited - Expiry of enhanced dividend securities 25
May 2010
INVESTEC BANK LIMITED
EXPIRY OF ENHANCED DIVIDEND SECURITIES 25 May 2010
Share SABMiller Plc
Strike Price R99.25
Stop-Loss Level R135.25
Expiry Date 25/05/2010
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 625,000
JSE Code SABIDG ZAE000138855
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 25 May
2010 (see the related securities above).
1 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.
2 Should holders choose to expire the "Existing" EDS they should notify
the Investec Equity Derivatives Desk before 12:00 hours, Wednesday 19
May 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.
3 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 21 May 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: 13/05/2010 10:13:02 Produced by the JSE SENS Department.
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