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JSE APNIDA
INVS
Investec Bank Limited - Expiry of Enhanced Dividend Security
INVESTEC BANK LIMITED
Share Aspen Pharmacare Holdings Limited
(ISIN Code ZAE000068243 )
Strike Price R12.50
Stop-Loss Level R18.75
Expiry Date 08/06/2006
Conv. Ratio 1:1
Call/Put Call
Style American
Issue Size 20 Million
JSE Code APNIDA
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their options relating to the imminent expiries
on 8 June 2006 (see the related securities above).
Holders may choose to exercise and pay the Exercise Price (Strike Price) in
order to receive the underlying securities on or before 5:00 pm on the Expiry
Date.
Holders may indicate to the Investec Equity Derivatives desk that they intend to
roll into the "IDB" series of EDS (in which case Investec will make arrangement
to buy-back the "IDA" and sell the "IDB" at no bid-offer spread margin). In this
case, the desk must be notified telephonically before 12:00 pm on the Expiry
Date. Should this be done on a one-for-one basis, a cash distribution of the
difference between the intrinsic value inherent to the "IDA" and the less
expensive "IDB" will accrue to the client.
Should holders not choose either option 1 or 2 above, the "IDA" 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
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.
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.investecwarrants.com
Sponsor
Investec Securities Limited
Member of the JSE
Registration number 1972/008905/06)
Date: 01/06/2006 09:09:09 AM Produced by the JSE SENS Department
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