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JSE MTNIDI
INVS
MTNIDI - Investec Bank Limited - Expiry of enhanced dividend securities 14
February 2011
INVESTEC BANK LIMITED
EXPIRY OF ENHANCED DIVIDEND SECURITIES 14 FEBRUARY 2011
Share MTN Group Limited
Strike Price R58.00
Stop-Loss Level R79.25
Expiry Date 14/02/2011
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 2,522,000
JSE Code MTNIDI
ZAE000146825
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).
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, 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.
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 (MTNIDJ), that was listed on Wednesday
12 January 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 13:21:01 Produced by the JSE SENS Department.
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