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INVESTEC BANK LIMITED - Expiry Announcement

Release Date: 12/07/2013 13:38
Code(s): GRTIHA BILIHJ IPLIHD CFRIHA NPNIHA REMIHH     PDF:  
Wrap Text
Expiry Announcement

INVESTEC BANK LIMITED – AMENDED EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 25 JULY 2013



Share                                 BHP Billiton Plc                         Growthpoint Properties Limited



Strike Price                          R176.00                                  R18.00
Stop-Loss Level                       R200.00                                  R20.00
Expiry Date                           25/07/2013                               25/07/2013
Cover Ratio                           1:1                                      1:1

Call/Put                              Call                                     Call
Style                                 American                                 American
Issue Size                            1,200,000                                1,000,000
JSE Code                              BILIHJ ZAE000169413                      GRTIHA ZAE000169405


Share                                 Compagnie Financiore Richemont SA        Imperial Holdings Limited
Strike Price                          R33.00                                   R134.00
Stop-Loss Level                       R37.00                                   R152.00
Expiry Date                           25/07/2013                               25/07/2013
Cover Ratio                           1:1                                      1:1

Call/Put                              Call                                     Call
Style                                 American                                 American
Issue Size                            3,600,000                                250,000
JSE Code                              CFRIHA ZAE000169447                      IPLIHD ZAE000169421


Share                                 Naspers Limited                          Remgro Limited
Strike Price                          R333.00                                  R109.00
Stop-Loss Level                       R377.00                                  R124.00
Expiry Date                           25/07/2013                               25/07/2013
Cover Ratio                           1:1                                      1:1

Call/Put                              Call                                     Call
Style                                 American                                 American
Issue Size                            540,000                                  300,000
JSE Code                              NPNIHA ZAE000169462                      REMIHH ZAE000170387



Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 25 July 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
                                                      th
               Desk before 12:00 hours, Friday, 19 July 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, 22 July 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.

12 July 2013

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: 12/07/2013 01:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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