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

INVESTEC BANK LIMITED - Expiry Announcement- BTIIDA

Release Date: 12/10/2012 09:48
Code(s): BTIIDA     PDF:  
Wrap Text
Expiry Announcement- BTIIDA

INVESTEC BANK LIMITED - EXPIRY OF ENHANCED DIVIDEND SECURITIES 26 OCTOBER 2012




Share                                 British American Tobacco Plc



Strike Price                          R200.00
Stop-Loss Level                       R270.00
Expiry Date                           26/10/2012
Cover Ratio                           1:1

Call/Put                              Call
Style                                 American
Issue Size                            200,000
JSE Code                              BTIIDA ZAE000161964


Investec Bank Limited (“Investec”), as Issuers of the above Enhanced Dividend Securities (EDS), hereby reminds
holders of their imminent option expiry on 26 October 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, 22 October 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: 12/10/2012 09:48:00 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