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JSE AGLIHH
INVS
AGLIHH - Investec Bank Limited - Expiry of Hot Enhanced Dividend Securities 28
July 2011
INVESTEC BANK LIMITED - EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 28 July 2011
Share Anglo American Plc
Strike Price R241.00
Stop-Loss Level R273.00
Expiry Date 28/07/2011
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1,250,000
JSE Code AGLIHH ZAE000151544
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities
(HOT 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 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 21 July
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 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" 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: 13/07/2011 09:09:01 Produced by the JSE SENS Department.
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