| Thu 13 May 2010, 10:15 | | INVS - Investec Bank Limited - Expiry of hot enhanced dividend securities 25 |
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JSE ANGIHFGFIIHG
INVS
INVS - Investec Bank Limited - Expiry of hot enhanced dividend securities 25
May 2010
INVESTEC BANK LIMITED
EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 25 MAY 2010
Share Anglogold Ashanti Gold Fields Limited
Limited
Strike Price R220.65 R71.75
Stop-Loss Level R250.00 R81.25
Expiry Date 25/05/2010 25/05/2010
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 565,000 1,025,000
JSE Code ANGIHF ZAE000138830 GFIIHG ZAE000138848
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend
Securities (HOT EDS), hereby reminds holders of their imminent option expiry
on 25 May 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" Hot EDS they should notify the
Investec Equity Derivatives Desk before 12:00 hours, Wednesday 19 May 2010.
The "Existing" Hot EDS will expire 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 automatically accrue to the holder.
Should holders not choose either option 1 or 2, Investec will make
arrangement to buy-back the "Existing" Hot EDS and sell the "New" Hot EDS.
(The "New" Hot 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" Hot EDS and the "New" Hot 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 10:15:02 Produced by the JSE SENS Department.
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