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INVS - Investec Bank Limited - Announcement TO Warrant Holders of their New

Release Date: 16/01/2012 12:14
Code(s): JSE BILIRTBILIRS
Wrap Text

INVS - Investec Bank Limited - Announcement TO Warrant Holders of their New Positions of the Barrier Put Securities which expired 13 January 2012 INVESTEC BANK LIMITED - ANNOUNCEMENT TO WARRANT HOLDERS OF THEIR NEW POSITIONS OF THE BARRIER PUT SECURITIES WHICH EXPIRED 13 JANUARY 2012 Share BHP Billiton Plc Old Position BILIRS ZAE000153722 Old Price R137.80 Old Strike R393.00 New Position BILIRT ZAE000163275 Price R114.63 New Strike R354.00 Conversion Ratio 1:1.20213 (Old : New) Cash per ratio 0 Investec Bank Limited, as Issuers of the above Barrier Put Securities (REVS), would like to inform warrant holders who rolled their REVS into the "New" series of REVS of the positions in which their securities closed out on Friday, 13 January 2012 and to inform warrant holders of their new positions. This has been done on an optimal-ratio basis, with cash distribution equal to the difference between the intrinsic value inherent to the "Expired" REVS multiplied by the position held on expiry and "New" REVS multiplied by the new position held. 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: 16/01/2012 12:14:01 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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