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JSE SBKIDI
INVS
SBKIDI - Investec Bank Limited - Expiry of enhanced dividend securities
8 February 2012
INVESTEC BANK LIMITED
EXPIRY OF ENHANCED DIVIDEND SECURITIES 8 FEBRUARY 2012
Share Standard Bank Group Limited
Strike Price R57.50
Stop-Loss Level R78.00
Expiry Date 08/02/2012
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1,500,000
JSE Code SBKIDI ZAE000154100
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), notified holders of their option expiry which occurred on 8 February 2012
(see the related securities above).
Holders who chose to expire the "Existing" EDS will receive the full intrinsic
value thereof. A cash settlement amount representing the number of EDS held on
the expiry 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.
The VWAP on 9 February 2012 = 10987.6 cents
The VWAP on 10 February 2012 = 10863.4 cents
The simple average of the 2 day VWAP = R109.255
Holders will receive R 51.76 for every warrant held
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: 13/02/2012 10:45:02 Produced by the JSE SENS Department.
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