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INVS - Investec Bank Limited - Notice Regarding Uncovered Equity Structured

Release Date: 08/06/2011 16:33
Code(s): JSE ESPIBQ
Wrap Text

INVS - Investec Bank Limited - Notice Regarding Uncovered Equity Structured Product ("ESPIBQ") INVESTEC BANK LIMITED ISIN: ZAE000153276 NOTICE REGARDING UNCOVERED EQUITY STRUCTURED PRODUCT ("ESPIBQ") Further to the SENS Announcement on 1 June 2011, with regard to the Massmart Competition Tribunal ruling and finalisation date announcement, in terms of which Walmart offer to acquire 51 Massmart ordinary shares from each Massmart ordinary shareholder for every 100 Massmart ordinary shares held, for a cash consideration of R148.00 per ordinary share ("the Walmart Purchase"), the ESPIBQ will be revised as follows: As each owner of an ESPIBQ is the owner of a basket of shares (which include Massmart shares), new Massmart shares will be purchased for the underlying basket. The total cost of the additional shares (including but not limited to, stamp duty) will be equal to the value of the proceeds ("Cash Consideration") received by the trust administrators in respect of the Walmart Purchase. These additional shares will be purchased by the trust administrators upon receipt of the Cash Consideration. The Put Option over each basket of shares will remain unaffected by the Walmart Purchase. 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.: 0860 103 343 E-mail: warrants@investec.co.za Internet: www.investec.com Sponsor Investec Securities Limited Member of the JSE Registration number. 1972/008905/06) Date: 08/06/2011 16:33:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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