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INVS - Investec Bank Limited - Expiry notice of barrier put securities on 17

Release Date: 03/01/2012 10:29
Code(s): JSE SOLIRTAGLIRS
Wrap Text

INVS - Investec Bank Limited - Expiry notice of barrier put securities on 17 January 2012 INVESTEC BANK LIMITED - EXPIRY NOTICE OF BARRIER PUT SECURITIES ON 17 JANUARY 2012 Share Anglo American Plc Sasol Limited Strike Price R545.00 R535.50 Lower Barrier R455.00 R446.00 Expiry Date 17/01/2012 17/01/2012 Cover Ratio 1:1 1:1 Call/Put Put Put Style European European Issue Size 1,400,000 600,000 JSE Code AGLIRS ZAE000153862 SOLIRT ZAE000153870 Investec Bank Limited, as Issuers of the above Barrier Put Securities (REVS), hereby reminds holders of their imminent option expiry on 17 January 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" REVS they should notify the Investec Equity Derivatives Desk before 12:00 hours, Tuesday, 10 January 2012. The "Existing" REVS will expire at full intrinsic value on the respective expiry date. A cash settlement amount representing the number of REVS held on that date multiplied by the excess of the Exercise Price (Strike Price) over the simple average of the Volume Weighted Average Price ("VWAP") of the Underlying Parcel over the two Business Days following the Expiry Date, 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" REVS and sell the "New" REVS (The "New" REVS, which were listed on Friday 23 December 2011) This will be done on an optimal ratio basis, a cash distribution of any difference between the intrinsic value inherent to the "Existing" REVS and the "New" REVS 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: 03/01/2012 10:29:03 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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