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INVESTEC BANK LIMITED - Announcement of New Positions of the Hot Enhanced Dividend Securities which expired 16 May 2013

Release Date: 17/05/2013 11:45
Code(s): FSRIHI MTNIHI SHPIHE SOLIHI     PDF:  
Wrap Text
Announcement of New Positions of the Hot Enhanced Dividend Securities which expired 16 May 2013

INVESTEC BANK LIMITED – ANNOUNCEMENT TO WARRANT HOLDERS OF THEIR NEW POSITIONS OF
THE HOT ENHANCED DIVIDEND SECURITIES WHICH EXPIRED 16 MAY 2013

     Share            Old Position     Old Price         Old     New Position    Price        New        Conversion    Cash per
                                                        Strike                               Strike         Ratio        ratio
                                                                                                         (Old : New)
FirstRand Limited      FSRIHI           R12.41      R19.50          FSRIHJ       R9.53      R24.00        1:1.302204      0
                    ZAE000167326                                 ZAE000178760

MTN Group              MTNIHI           R83.90      R102.00         MTNIHJ       R66.30     R129.00       1:1.26546       0
Limited             ZAE000167334                                 ZAE000178778

Shoprite Holdings     SHPIHE            R77.50      R100.00         SHPIHF       R54.55     R132.00       1:1.420715      0
Limited             ZAE000167342                                 ZAE000178786

Sasol Limited          SOLIHI           R146.99     R265.00         SOLIHJ      R124.44     R308.00       1:1.81212       0
                    ZAE000167359                                 ZAE000178794




Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities (Hot EDS), would like to inform
warrant holders who rolled their Hot EDS into the “New” series of Hot EDS of the positions in which their securities
closed out on Thursday, 16 May 2013 and to inform warrant holders of their new positions.

This has been done on an optimal-ratio basis, with cash distribution equal to the difference between the intrinsic
value inherent to the “Expired” Hot EDS multiplied by the position held on expiry and “New” Hot EDS multiplied by
the new position 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 (Pty) Limited
          Member of the JSE
          Registration number. 1972/008905/07)

Date: 17/05/2013 11:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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