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JSE SBKIDGTBSIDFASAIDGBTIIDB
INVS
INVS - Investec Bank Limited - Expiry of enhanced dividend securities
30 July 2010
INVESTEC BANK LIMITED
EXPIRY OF ENHANCED DIVIDEND SECURITIES 30 JULY 2010
Share ABSA Group Limited British American
Tobacco Plc
Strike Price R66.25 R136.00
Stop-Loss Level R90.50 R185.25
Expiry Date 30/07/2010 30/07/2010
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 705,000 255000
JSE Code ASAIDG ZAE000142303 BTIIDB ZAE000142311
Share Standard Bank Group Tiger Brands Limited
Limited
Strike Price R52.25 R84.75
Stop-Loss Level R71.25 R115.50
Expiry Date 30/07/2010 30/07/2010
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1794000 282000
JSE Code SBKIDG ZAE000142329 TBSIDF ZAE000142337
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 30 July 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 22 July 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 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" 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: 19/07/2010 11:49:01 Produced by the JSE SENS Department.
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