| Tue 17 May 2011, 9:40 | | INVS - Investec Bank Limited - Expiry of hot enhanced dividend securities |
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JSE FSRIHGMTNIHGSHPIHCSOLIHG
INVS
INVS - Investec Bank Limited - Expiry of hot enhanced dividend securities
1 June 2011
Share FirstRand Limited Sasol Limited
Strike Price R15.50 R225.00
Stop-Loss Level R17.50 R255.00
Expiry Date 01/06/2011 01/06/2011
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 4,000,000 600,000
JSE Code FSRIHG ZAE000150256 SOLIHG ZAE000150231
Share MTN Group Limited Shoprite Holdings
Limited
Strike Price R94.00 R73.00
Stop-Loss Level R106.50 R82.50
Expiry Date 01/06/2011 01/06/2011
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 2,500,000 700,000
JSE Code MTNIHG ZAE000150207 SHPIHC ZAE000150223
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend
Securities (HOT EDS), hereby reminds holders of their imminent option expiry
on 1 June 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" Hot EDS they should
notify the Investec Equity Derivatives Desk before 12:00 hours, Thursday
25 May 2011. 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.
3. 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 Wednesday 26 May 2011) 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: 17/05/2011 09:40:27 Produced by the JSE SENS Department.
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