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INVESTEC BANK LIMITED - Expiry Announcement - GLIHL/BILIHK/BTIIHC/CFRIHB/NPNIHB/REMIHI

Release Date: 09/07/2014 09:00
Code(s): REMIHI NPNIHB CFRIHB BILIHK AGLIHL BTIIHC     PDF:  
Wrap Text
Expiry Announcement - GLIHL/BILIHK/BTIIHC/CFRIHB/NPNIHB/REMIHI

INVESTEC BANK LIMITED

EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 23 JULY 2014


                                      ANGLO AMERICAN Plc                       BHP BILITON Plc
Share

Strike Price                          R 195.00                                 R 257.00

Stop-Loss Level                       R 221.00                                 R 291.00

Expiry Date                           2014/07/23                               2014/07/23

Cover Ratio                           1:1                                      1:1

Call/Put                              Call                                     Call

Style                                 American                                 American

Issue Size                            1 400 000                                1 000 000

JSE Code                               AGLIHL ZAE000181129                      BILIHK ZAE000180923


                                      BRITISH AMERICAN TOBACCO Plc             COMPAGNIE FINACIARE RICHEMONT
Share
                                                                               SA
Strike price                          R 471.00                                 R 83.00

Stop- Loss Level                      R 534.00                                 R 94.00

Expiry date                           2014/07/23                               2014/07/23

Cover Ratio                           1:1                                      1:1

Call / Put                            Call                                     Call

Style                                 American                                 American

Issue Size                            325 000                                  2 600 000

JSE Code                              BTIIHC ZAE000184990                      CFRIHB ZAE000180931



Share                                 NASPERS LTD                              REMGRO LTD

Strike price                          R 938.00                                 R 173.00

Stop- Loss Level                      R 1063.00                                R 196.00

Expiry Date                           2014/07/23                               2014/07/23

Cover Ratio                           1:1                                      1:1

Call/Put                              Call                                     Call

Style                                 American                                 American

Issue Size                            500 000                                  340 000
                                                                               REMIHI ZAE000180980
JSE Code                              NPNIHB ZAE000180972


Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 23 July 2014 (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, 17 July 2014. 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, which will list on Thursday, 17July 2014). 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 .

7 July 2014

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 (Pty) Ltd
Member of the JSE
Registration number. 1972/008905/07)

Date: 09/07/2014 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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