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JSE SOLIRRSTXIRS
INVS
INVS - Investec Bank Limited - Expiry Notice Of Barrier Put Securities On 10
June 2010
INVESTEC BANK LIMITED
EXPIRY NOTICE OF BARRIER PUT SECURITIES ON 10 JUNE 2010
Share Sasol Limited Satrix40
Strike Price R435.00 R34.25
Stop-Loss Level R362.50 R28.50
Expiry Date 10/06/2010 10/06/2010
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 720,000 218,000
JSE Code SOLIRR ZAE000139630 STXIRS ZAE000139648
Investec Bank Limited, as Issuers of the above Barrier Put Securities (REVS),
hereby reminds holders of their imminent option expiry on 10 June 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" REVS they should notify the
Investec Equity Derivatives Desk before 12:00 hours, Thursday 03 June 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 Exercise Price (Strike Price)
over the simple average of the Volume Weighted Average Price ("VWAP") of
the Underlying Parcel over the two Business Days following the Expiry Date,
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" REVS and sell the "New" REVS (The
"New" REVS, will be listed on the 04 June 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: 28/05/2010 10:33:01 Produced by the JSE SENS Department.
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