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INVESTEC BANK LIMITED - Expiry Announcement

Release Date: 02/05/2013 11:13
Code(s): FSRIHI MTNIHI SHPIHE SOLIHI     PDF:  
Wrap Text
Expiry Announcement

INVESTEC BANK LIMITED 
EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 16 May 2013


Share                                 FirstRand Limited                        MTN Group Limited



Strike Price                          R19.50                                   R102.00
Stop-Loss Level                       R22.00                                   R116.00
Expiry Date                           16/05/2013                               16/05/2013
Cover Ratio                           1:1                                      1:1

Call/Put                              Call                                     Call
Style                                 American                                 American
Issue Size                            3,900,000                                2,400,000
JSE Code                              FSRIHI ZAE000167326                      MTNIHI ZAE000167334


Share                                 Shoprite Holdings Limited                Sasol Limited


Strike Price                          R100.00                                  R265.00
Stop-Loss Level                       R113.00                                  R301.00
Expiry Date                           16/05/2013                               16/05/2013
Cover Ratio                           1:1                                      1:1

Call/Put                              Call                                     Call
Style                                 American                                 American
Issue Size                            630,000                                  650,000
JSE Code                              SHPIHE ZAE000167342                      SOLIHI ZAE000167359



Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 16 May 2013 (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” HotEDS they should notify the Investec Equity Derivatives
               Desk before 12:00 hours, Thursday, 9 May 2013. The “Existing” HotEDS will expire at full intrinsic value on
               the respective expiry date. A cash settlement amount representing the number of HotEDS 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.

3.             Should holders not choose either option 1 or 2, Investec will make arrangement to buy-back the “Existing”
               Hot EDS and sell the “New” Hot EDS. (The “New” Hot EDS, which will list on Monday, 13 May 2013) This
               will be done on an optimal ratio basis, a cash distribution of any difference between the intrinsic value
               inherent to the “Existing” Hot EDS and the “New” Hot EDS will accrue to the client.

Please be advised that should Investec not receive any instruction from holders with regard to the Expiry, the “Existing”
HotEDS will expire at full intrinsic value on the respective expiry date. A cash settlement amount representing the
number of HotEDS 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 (Pty) Limited
          Member of the JSE
          Registration number. 1972/008905/07)

Date: 02/05/2013 11:13:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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