| Wed 25 Jan 2012, 10:18 | | INVS - Investec Bank Limited - Expiry of enhanced dividend securities 8 February |
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JSE TONIDHSOLIDIBILIDI
INVS
INVS - Investec Bank Limited - Expiry of enhanced dividend securities 8 February
2012
Investec Bank Limited
Expiry of enhanced dividend securities 8 February 2012
Share BHP Billiton Plc Sasol Limited
Strike Price R154.00 R193.00
Stop-Loss Level R210.00 R263.00
Expiry Date 08/02/2012 08/02/2012
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1,100,000 600,000
JSE Code BILIDI ZAE000154092 SOLIDI ZAE000154118
Share Tongaat Hullett
Limited
Strike Price R59.00
Stop-Loss Level R81.00
Expiry Date 08/02/2012
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 50,000
JSE Code TONIDH ZAE000154134
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 8 February 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, Thursday, 2 February
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 via instruction
through STRATE.
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 will be listed on Thursday 2 February 2012 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: 25/01/2012 10:18:28 Produced by the JSE SENS Department.
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