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JSE AGLIHG
INVS
AGLIHG - Investec Bank Limited - Expiry of hot enhanced dividend securities 04
November 2010
Investec Bank Limited
Expiry of hot enhanced dividend securities 04 November 2010
Share Anglo American Plc
Strike Price R220.00
Stop-Loss Level R251.50
Expiry Date 04/11/2010
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1,180,000
JSE Code AGLIHG ZAE000144515
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities
(HOT EDS), hereby reminds holders of their imminent option expiry on 04 November
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" Hot EDS they should notify
the Investec Equity Derivatives Desk before 12:00 hours, Friday 29 October
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.
3 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 28 October 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.investec.com
Sponsor
Investec Securities Limited
Member of the JSE
Registration number. 1972/008905/06)
Date: 22/10/2010 07:08:02 Produced by the JSE SENS Department.
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