| Fri 22 Oct 2010, 7:06 | | INVS - Investec Bank Limited - Expiry of enhanced dividend securities 04 |
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JSE GFIIDIGRTIDEREMIDGRDFIDFIPLIDE
INVS
INVS - Investec Bank Limited - Expiry of enhanced dividend securities 04
November 2010
INVESTEC BANK LIMITED - EXPIRY OF ENHANCED DIVIDEND SECURITIES 04 NOVEMBER 2010
Share Gold Fields Limited Imperial Holdings Limited
Strike Price R52.50 R44.50
Stop-Loss Level R71.75 R60.75
Expiry Date 04/11/2010 04/11/2010
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 961,000 337,000
JSE Code GFIIDI ZAE000144135 IPLIDE ZAE000144119
Share Growthpoint Remgro Limited
Properties Limited
Strike Price R7.75 R49.00
Stop-Loss Level R10.50 R66.75
Expiry Date 04/11/2010 04/11/2010
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 980,000 404000
JSE Code GRTIDE ZAE000144127 REMIDG ZAE000144093
Share Redefine Properties Limited
Strike Price R4.00
Stop-Loss Level R5.50
Expiry Date 04/11/2010
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1,786,000
JSE Code RDFIDF ZAE000144101
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(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" EDS they should notify the
Investec Equity Derivatives Desk before 12:00 hours, Friday 29 October
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 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" 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.investec.com
Sponsor
Investec Securities Limited
Member of the JSE
Registration number. 1972/008905/06)
Date: 22/10/2010 07:06:02 Produced by the JSE SENS Department.
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