| Fri 30 Dec 2011, 11:05 | | INVS - Investec Bank Limited - Expiry of enhanced dividend securities 13 |
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JSE MTNIDJNPNIDD
INVS
INVS - Investec Bank Limited - Expiry of enhanced dividend securities 13
January 2012
Investec Bank Limited
Expiry of enhanced dividend securities 13 January 2012
Share MTN Group Limited Naspers Limited
Strike Price R71.50 R205.00
Stop-Loss Level R97.50 R280.00
Expiry Date 13/01/2012 13/01/2012
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 2,500,000 650,000
JSE Code MTNIDJ ZAE000153755 NPNIDD ZAE000153730
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 13 January
2012 (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, Friday, 6
January 2012. 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, that were listed on Friday 23 December 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: 30/12/2011 11:05:01 Produced by the JSE SENS Department.
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