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INVESTEC BANK LIMITED - Expiry of HotEDs

Release Date: 13/08/2012 08:43
Code(s): RMHIDE KIOIDD GLDIDA     PDF:  
Wrap Text
Expiry of HotEDs

INVESTEC BANK LIMITED - EXPIRY OF ENHANCED DIVIDEND SECURITIES 27 AUGUST 2012




Share                                 New Gold Issuer Limited                  Kumba Iron Ore Limited



Strike Price                          R71.50                                   R240.00
Stop-Loss Level                       R97.50                                   R320.00
Expiry Date                           27/08/2012                               27/08/2012
Cover Ratio                           1:1                                      1:1

Call/Put                              Call                                     Call
Style                                 American                                 American
Issue Size                            500,000                                  140,000
JSE Code                              GLDIDA ZAE000160883                      KIOIDD ZAE000160651



Share                                 RMB Holdings Limited



Strike Price                          R13.00
Stop-Loss Level                       R18.00
Expiry Date                           27/08/2012
Cover Ratio                           1:1

Call/Put                              Call
Style                                 American
Issue Size                            725,000
JSE Code                              RMHIDE ZAE000159380




Investec Bank Limited (“Investec”), as Issuers of the above Enhanced Dividend Securities (EDS), hereby reminds
holders of their imminent option expiry on 27 August 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” EDS they should notify the Investec Equity Derivatives Desk
               before 12:00 hours, Monday, 20 August 2012. The “Existing” EDS will expire at full intrinsic value on the
               respective expiry date. A cash settlement amount representing the number of EDS held on that 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.

Please be advised that should Investec not receive any instruction from holders with regard to the Expiry, the “Existing”
EDS will expire at full intrinsic value on the respective expiry date. A cash settlement amount representing the number
of EDS held on that 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 .
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: 13/08/2012 08:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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