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JSE SABIDI
INVS
SABIDI - Investec Bank Limited - Expiry of Enhanced Dividend Securities 14
February 2011
INVESTEC BANK LIMITED - EXPIRY OF ENHANCED DIVIDEND SECURITIES 14 FEBRUARY 2011
Share SABMiller Plc
Strike Price R125.75
Stop-Loss Level R171.25
Expiry Date 14/02/2011
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 480 000
JSE Code SABIDI ZAE000146528
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), notified holders of their option expiry which occurred on 14 February
2011 (see the related securities above).
Holders who chose to expire the "Existing" EDS will receive the full intrinsic
value thereof. A cash settlement amount representing the number of EDS held on
the expiry 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 via instruction through STRATE.
The VWAP 15 February 2011 = 24827.3 cents
The VWAP on 16 February 2011 = 24847.8404 cents
The simple average of the 2 day VWAP = R248.375702
Holders will receive R122.6257 for every warrant held
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: 17/02/2011 16:16:02 Produced by the JSE SENS Department.
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