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JSE GFIIDJ
INVS
GFIIDJ - Investec Bank Limited - expiry of enhanced Dividend securities
28 July 2011
INVESTEC BANK LIMITED - EXPIRY OF ENHANCED DIVIDEND SECURITIES 28 JULY
2011
Share Gold Fields Limited
Strike Price R58.00
Stop-Loss Level R79.50
Expiry Date 28/07/2011
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 800,000
JSE Code GFIIDJ ZAE000151551
Investec Bank Limited, as Issuers of the above Enhanced Dividend
Securities (EDS), notified holders of their option expiry which occurred
on 28 July 2011 (see the related securities above).
Holders who chose to expire the "Existing" EDS will receive the full
intrinsic value thereof. A cash settlement amount representing the
number of EDS 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 29 July 2011 = 10393 cents
The VWAP on 1 August 2011 = 10422.7 cents
The simple average of the 2 day VWAP = 10407.85 cents
Holders will receive 4607.85 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: 02/08/2011 13:37:01 Produced by the JSE SENS Department.
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