| Wed 2 May 2012, 11:17 | | INVS - Investec Bank Limited - Expiry of hot enhanced dividend securities |
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JSE FSRIHHMTNIHHSHPIHDSOLIHH
INVS
INVS - Investec Bank Limited - Expiry of hot enhanced dividend securities
16 May 2012
INVESTEC BANK LIMITED - EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 16 MAY 2012
Share FirstRand Limited Sasol Limited
Strike Price R15.00 R264.00
Stop-Loss Level R17.00 R299.00
Expiry Date 16/5/2012 16/05/2012
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 4,250,000 600,000
JSE Code FSRIHH ZAE000156667 SOLIHH ZAE000156691
Share MTN Group Limited Shoprite Holdings
Limited
Strike Price R106.00 R75.50
Stop-Loss Level R120.50 R85.50
Expiry Date 16/05/2012 16/05/2012
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 2,500,000 600,000
JSE Code MTNIHH ZAE000156675 SHPIHD ZAE000156683
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities
(HOT EDS), hereby reminds holders of their imminent option expiry on 16 May 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" Hot EDS they should notify
the Investec Equity Derivatives Desk before 12:00 hours, Wednesday 9 May
2012. The "Existing" Hot EDS will expire at full intrinsic value on the
respective expiry date. A cash settlement amount representing the number
of Hot 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.
3 Should holders not choose either option 1 or 2, Investec will make
arrangement to buy-back the "Existing" Hot EDS and sell the "New" Hot EDS.
(The "New" Hot EDS, will be listed on Wednesday 9 May 2012) This will be
done on an optimal ratio basis, a cash distribution of any difference
between the intrinsic value inherent to the "Existing" Hot EDS and the
"New" Hot 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: 02/05/2012 11:17:01 Produced by the JSE SENS Department.
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