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JSE MSMIHC
INVS
MSMIHC - Investec Bank Limited - Expiry of Hot Enhanced Dividend Securities 1
June 2011
Share Massmart Holdings
Limited
Strike Price R97.50
Stop-Loss Level R110.00
Expiry Date 01/06/2011
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 250,000
JSE Code MSMIHC ZAE000150199
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities
(HotEDS), notified holders of their option expiry which occurred on 1 June 2011
(see the related securities above).
Holders who chose to expire the "Existing" HotEDS will receive the full
intrinsic value thereof. A cash settlement amount representing the number of
HotEDS 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 on 2 June 2011 = 14350.2 cents
The VWAP on 3 June 2011 = 14262.897 cents
The simple average of the 2 day VWAP = 14306.54825
Holders will receive 4556.5483 cents 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: 06/06/2011 11:27:02 Produced by the JSE SENS Department.
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