| Tue 3 Jan 2012, 10:29 | | INVS - Investec Bank Limited - Expiry notice of barrier put securities on 17 |
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JSE SOLIRTAGLIRS
INVS
INVS - Investec Bank Limited - Expiry notice of barrier put securities on 17
January 2012
INVESTEC BANK LIMITED - EXPIRY NOTICE OF BARRIER PUT SECURITIES ON 17 JANUARY
2012
Share Anglo American Plc Sasol Limited
Strike Price R545.00 R535.50
Lower Barrier R455.00 R446.00
Expiry Date 17/01/2012 17/01/2012
Cover Ratio 1:1 1:1
Call/Put Put Put
Style European European
Issue Size 1,400,000 600,000
JSE Code AGLIRS ZAE000153862 SOLIRT ZAE000153870
Investec Bank Limited, as Issuers of the above Barrier Put Securities (REVS),
hereby reminds holders of their imminent option expiry on 17 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, Tuesday, 10 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: 03/01/2012 10:29:03 Produced by the JSE SENS Department.
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