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JSE NPNIHFSABIHE
INVS
INVS - Investec Bank Limited - Expiry of Hot Enhanced Dividend Securities 30
July 2010
Investec Bank Limited
Expiry of Hot Enhanced Dividend Securities 30 July 2010
Share Naspers Limited SABMiller Plc
Strike Price R202.25 R154.50
Stop-Loss Level R229.00 R175.00
Expiry Date 30/07/2010 30/07/2010
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 652000 586000
JSE Code NPNIHF ZAE000142345 SABIHE ZAE000142352
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities
(HOT EDS), hereby reminds holders of their imminent option expiry on 30 July
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, Thursday 22 July 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 23 July 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: 19/07/2010 11:48:01 Produced by the JSE SENS Department.
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