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JSE MTNIDGBILIDGIMPIDHAMSIDCANGIDHSTXIDDTKGIDG
INVS
INVS - Investec Bank Limited - Expiry of enhanced dividend securities 10 June
2010
INVESTEC BANK LIMITED - EXPIRY OF ENHANCED DIVIDEND SECURITIES 10 JUNE 2010
Share Anglo Platinum AngloGold Ashanti
Limited Limited
Strike Price R379.50 R180.50
Stop-Loss Level R517.50 R246.00
Expiry Date 10/06/2010 10/06/2010
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 152000 552000
JSE Code AMSIDC ZAE000139655 ANGIDH ZAE000139663
Share BHP Billiton Plc Impala Platinum
Holdings Limited
Strike Price R114.25 R105.00
Stop-Loss Level R156.00 R143.25
Expiry Date 10/06/2010 10/06/2010
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1,388,000 1,083,000
JSE Code BILIDG ZAE000139671 IMPIDH ZAE000139689
Share MTN Group Limited Satrix40
Strike Price R68.50 R12.50
Stop-Loss Level R93.50 R17.00
Expiry Date 10/06/2010 10/06/2010
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 2,372,000 218,000
JSE Code MTNIDG ZAE000139697 STXIDD ZAE000139705
Share Telkom SA Limited
Strike Price R24.00
Stop-Loss Level R32.75
Expiry Date 10/06/2010
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 907,000
JSE Code TKGIDG ZAE000139713
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), 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" EDS they should notify the
Investec Equity Derivatives Desk before 12:00 hours, Thursday 03 June 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 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" 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: 28/05/2010 10:34:02 Produced by the JSE SENS Department.
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