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JSE AGLIDJTONIDGSBKIDHSOLIDHBILIDHSTXIDEAMSIDD
INVS
INVS - Investec Bank Limited - Expiry of Enhanced Dividend Securities 14
February 2011
Share Anglo American Plc Anglo Platinum
Limited
Strike Price R148.28 R 432.25
Stop-Loss Level R202.20 R589.50
Expiry Date 14/02/2011 14/02/2011
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 650000 123000
JSE Code AGLIDJ ZAE000149449 AMSIDD ZAE000146783
Share BHP Billiton Plc Standard Bank Group
Limited
Strike Price R114.50 R62.00
Stop-Loss Level R156.00 R85.00
Expiry Date 14/02/2011 14/02/2011
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1097000 1463000
JSE Code BILIDH ZAE000146809 SBKIDH ZAE000148656
Share Sasol Limited Satrix 40
Strike Price R161.15 R13.50
Stop-Loss Level R219.75 R18.25
Expiry Date 14/02/2011 14/02/2011
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 736000 191000
JSE Code SOLIDH ZAE000149266 STXIDE ZAE000146841
Share Tongaat Hullet
Limited
Strike Price R59.00
Stop-Loss Level R80.50
Expiry Date 14/02/2011
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 87000
JSE Code TONIDG ZAE000148417
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 14 February
2011 (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" EDS they should notify the
Investec Equity Derivatives Desk before 12:00 hours, Monday 7 February 2011.
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.
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 Friday 4 February 2011) 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: 31/01/2011 07:51:02 Produced by the JSE SENS Department.
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