|
JSE INLIHD
INVS
INLIHD - Investec Bank Limited - Expiry of Hot Enhanced Dividend Securities 1
June 2011
Share Investec Limited
Strike Price R43.00
Stop-Loss Level R49.00
Expiry Date 01/06/2011
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 300,000
JSE Code INLIHD ZAE000150173
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 = 5651.5096 cents
The VWAP on 3 June 2011 = 5677.2423 cents
The simple average of the 2 day VWAP = 5664.37595 cents
Holders will receive 1364.376 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 11:26:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
