| Fri 12 Aug 2011, 10:32 | | RMHIDD - Investec Bank Limited - Expiry of Enhanced Dividend Securities 26 |
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JSE RMHIDD
INVS
RMHIDD - Investec Bank Limited - Expiry of Enhanced Dividend Securities 26
August 2011
INVESTEC BANK LIMITED
EXPIRY OF ENHANCED DIVIDEND SECURITIES 26 AUGUST 2011
Share RMB Holdings Ltd
Strike Price R13.68
Stop-Loss Level R18.47
Expiry Date 26/08/2011
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 600,000
JSE Code RMHIDD ZAE000152401
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 26 August 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" EDS they should notify the
Investec Equity Derivatives Desk before 12:00 hours, Monday, 22 August
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 Monday, 22 August 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: 12/08/2011 10:32:01 Produced by the JSE SENS Department.
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