| Wed 25 Jan 2012, 12:55 | | INVS - Investec Bank Limited - Expiry of enhanced dividend securities 8 February |
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JSE STXIDFSBKIDI
INVS
INVS - Investec Bank Limited - Expiry of enhanced dividend securities 8 February
2012
Share Standard Bank Group Satrix 40
Limited
Strike Price R57.50 R16.00
Stop-Loss Level R78.00 R21.00
Expiry Date 08/02/2012 08/02/2012
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1,500,000 350,000
JSE Code SBKIDI ZAE000154100 STXIDF ZAE000154126
Investec Bank Limited ("Investec"), 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.
Please be advised that should Investec not receive any instruction from holders
with regard to the Expiry, 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.
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 12:55:01 Produced by the JSE SENS Department.
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