| Tue 18 May 2010, 16:00 | | INVS - Investec Bank Limited - Amendment to Expiry Notice of Barrier Put |
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JSE AMSIRRMTNIRQSTXIRR
INVS
INVS - Investec Bank Limited - Amendment to Expiry Notice of Barrier Put
Securities on 25 May 2010
Share Anglo Platinum MTN Group Limited
Limited
Strike Price R1017.00 R189.75
Stop-Loss Level R847.50 R158.25
Expiry Date 25/05/2010 25/05/2010
Cover Ratio 1:1 1:1
Call/Put Put Put
Style European European
Issue Size 152,000 2,419,000
JSE Code AMSIRR ZAE000138871 MTNIRQ ZAE000138889
Share Satrix 40
Strike Price R33.75
Stop-Loss Level R28.00
Expiry Date 25/05/2010
Cover Ratio 1:1
Call/Put Put
Style European
Issue Size 452,000
JSE Code STXIRR ZAE000138897
Investec Bank Limited, as Issuers of the above Barrier Put Securities (REVS),
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" REVS they should notify the
Investec Equity Derivatives Desk before 12:00 hours, Wednesday 19 May 2010. The
"Existing" REVS will expire at full intrinsic value on the respective expiry
date. A cash settlement amount representing the number of REVS 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" REVS and sell the "New" REVS (The "New" REVS, 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" REVS and the "New" REVS 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: 18/05/2010 16:00:03 Produced by the JSE SENS Department.
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