| Wed 11 Jul 2012, 10:34 | | IBBIL R164.00CHI1:1JUL12 - Expiry warrant |
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BILIHI
Expiry warrant
INVESTEC BANK LIMITED - EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 25 JULY 2012
Share BHP Billiton Plc
Strike Price R164.00
Stop-Loss Level R185.50
Expiry Date 25/07/2012
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1,000,000
JSE Code BILIHI ZAE000159117
Investec Bank Limited (Investec), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 25 July 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 HotEDS they should notify the Investec Equity Derivatives
Desk before 12:00 hours, Thursday, 19 July 2012. The Existing HotEDS will expire at full intrinsic value
on the respective expiry date. A cash settlement amount representing the number of HotEDS 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
Hot EDS and sell the New Hot EDS. (The New Hot EDS, will be listed on Thursday, 19 July 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.
Please be advised that should Investec not receive any instruction from holders with regard to the Expiry, the Existing
HotEDS will expire at full intrinsic value on the respective expiry date. A cash settlement amount representing the
number of HotEDS 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: 11/07/2012 10:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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