| Fri 30 Dec 2011, 11:06 | | BILIRS - Investec Bank Limited - Expiry notice of barrier put securities on |
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JSE BILIRS
INVS
BILIRS - Investec Bank Limited - Expiry notice of barrier put securities on
13 January 2012
Investec Bank Limited
Expiry notice of barrier put securities on 13 January 2012
Share BHP Billiton Plc
Strike Price R393.00
Lower Barrier R328.00
Expiry Date 13/01/2012
Cover Ratio 1:1
Call/Put Put
Style European
Issue Size 1,100,000
JSE Code BILIRS ZAE000153722
Investec Bank Limited, as Issuers of the above Barrier Put Securities
(REVS), 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" REVS they should notify
the Investec Equity Derivatives Desk before 12:00 hours, Friday, 6
January 2012. The "Existing" REVS will expire at full intrinsic value
on the respective expiry date. A cash settlement amount representing
the number of REVS held on that date multiplied by the excess of the
Exercise Price (Strike Price) over the simple average of the Volume
Weighted Average Price ("VWAP") of the Underlying Parcel over the two
Business Days following the Expiry Date, 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" REVS and sell the "New" REVS
(The "New" REVS, which 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" REVS
and the "New" REVS 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 11:06:22 Produced by the JSE SENS Department.
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