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SBKIDI - Investec Bank Limited - Expiry of enhanced dividend securities

Release Date: 13/02/2012 10:45
Code(s): JSE SBKIDI
Wrap Text

SBKIDI - Investec Bank Limited - Expiry of enhanced dividend securities 8 February 2012 INVESTEC BANK LIMITED EXPIRY OF ENHANCED DIVIDEND SECURITIES 8 FEBRUARY 2012 Share Standard Bank Group Limited Strike Price R57.50 Stop-Loss Level R78.00 Expiry Date 08/02/2012 Cover Ratio 1:1 Call/Put Call Style American Issue Size 1,500,000 JSE Code SBKIDI ZAE000154100 Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities (EDS), notified holders of their option expiry which occurred on 8 February 2012 (see the related securities above). Holders who chose to expire the "Existing" EDS will receive the full intrinsic value thereof. A cash settlement amount representing the number of EDS held on the expiry 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. The VWAP on 9 February 2012 = 10987.6 cents The VWAP on 10 February 2012 = 10863.4 cents The simple average of the 2 day VWAP = R109.255 Holders will receive R 51.76 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 10:45:02 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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