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JSE PPCIHIREMIHE
INVS
INVS - Investec Bank Limited - Expiry of hot enhanced dividend securities
01 December 2010
INVESTEC BANK LIMITED
EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 01 December 2010
Share Pretoria Portland Cement Remgro Limited
Company Limited
Strike Price R24.50 R72.50
Stop-Loss Level R27.75 R82.00
Expiry Date 01/12/2010 01/12/2010
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 687000 389000
JSE Code PPCIHI ZAE000144952 REMIHE ZAE000144945
1. Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend
Securities (HOT EDS), hereby reminds holders of their imminent option
expiry on 01 December 2010 (see the related securities above).
2. 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.
3. Should holders choose to expire the "Existing" Hot EDS they should
notify the Investec Equity Derivatives Desk before 12:00 hours, Monday 22
November 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 Friday 26 November 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: 19/11/2010 10:46:02 Produced by the JSE SENS Department.
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