| Wed 13 Jul 2011, 9:07 | | INVS - Investec Bank Limited - Expiry of Enhanced Dividend Securities 28 July |
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JSE RDFIDGIPLIDFREMIDHGRTIDF
INVS
INVS - Investec Bank Limited - Expiry of Enhanced Dividend Securities 28 July
2011
INVESTEC BANK LIMITED - EXPIRY OF ENHANCED DIVIDEND SECURITIES 28 July 2011
Share Growthpoint Imperial Holdings
Properties Limited Limited
Strike Price R9.60 R64.00
Stop-Loss Level R13.00 R87.00
Expiry Date 28/07/2011 28/07/2011
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1,000,000 300,000
JSE Code GRTIDF ZAE000151569 IPLIDF ZAE000151577
Share Redefine Income Fund Remgro Limited
Limited
Strike Price R4.50 R58.00
Stop-Loss Level R6.00 R79.50
Expiry Date 28/07/2011 28/07/2011
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1,250,000 350,000
JSE Code RDFIDG ZAE000151585 REMIDH ZAE000151593
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 28 July 2011
(see the related securities above).
1. Holders may choose to exercise and pay the Exercise Price (Strike Price) in
order to receive theunderlying 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, Thursday 21 July 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, will be listed on Wednesday 20 July 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: 13/07/2011 09:07:01 Produced by the JSE SENS Department.
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