| Fri 12 Aug 2011, 10:34 | | REMIHF - Investec Bank Limited - Expiry of hot enhanced dividend securities |
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JSE REMIHF
INVS
REMIHF - Investec Bank Limited - Expiry of hot enhanced dividend securities
26 August 2011
Investec Bank Limited
Expiry of hot enhanced dividend securities 26 August 2011
Share Remgro Ltd
Strike Price R81.00
Stop-Loss Level R92.00
Expiry Date 26/08/2011
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 350,000
JSE Code REMIHF ZAE000152427
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend
Securities (HOT 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" Hot EDS they should
notify the Investec Equity Derivatives Desk before 12:00 hours,
Monday, 22 August 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 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"
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: 12/08/2011 10:34:01 Produced by the JSE SENS Department.
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