To view the PDF file, sign up for a MySharenet subscription.

AMSIRT - Investec Bank Limited - Expiry of barrier put securities

Release Date: 13/02/2012 10:44
Code(s): JSE AMSIRT
Wrap Text

AMSIRT - Investec Bank Limited - Expiry of barrier put securities 8 February 2012 INVESTEC BANK LIMITED EXPIRY OF BARRIER PUT SECURITIES 8 FEBRUARY 2012 Share Anglo American Platinum Limited Strike Price R1056.00 Stop-Loss Level R880.00 Expiry Date 08/02/2012 Cover Ratio 1:1 Call/Put Put Style European Issue Size 100,000 JSE Code AMSIRT ZAE000154159 Investec Bank Limited, as Issuers of the above Barrier Put Securities (REVS), notified holders of their option expiry which occurred on 8 February 2012 (see the related securities above). Holders who chose to expire the "Existing" REVS will receive the full intrinsic value thereof. A cash settlement amount representing the number of REVS held on the expiry date multiplied by the excess of the Exercise Price (strike price) over 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 via instruction through STRATE. The VWAP on 9 February 2012 = 55021 cents The VWAP on 10 February 2012 = 53922.2 cents The simple average of the 2 day VWAP = R544.716 Holders will receive R511.28 for every warrant 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.investec.com Sponsor Investec Securities Limited Member of the JSE Registration number. 1972/008905/06) Date: 13/02/2012 10:44:01 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.

Share This Story