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INVESTEC BANK LIMITED - Expiry: MPCIHA

Release Date: 30/07/2013 10:13
Code(s): MPCIHA     PDF:  
Wrap Text
Expiry: MPCIHA

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



Share                              Mr Price Group Limited



Strike Price                       R90.00
Stop-Loss Level                    R101.00
Expiry Date                        25/07/2013
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         430,000
JSE Code                           MPCIHA ZAE000169892


Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities (HOTEDS), notified holders of their
option expiry which occurred on 25 July 2013 (see the related securities above).

Holders who chose to expire the “Existing” HOTEDS will receive the full intrinsic value thereof. A cash settlement
amount representing the number of HOTEDS held on the expiry 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.

The VWAP on 26 July 2013 = R125.046
The VWAP on 29 July 2013 = R125.079
The simple average of the 2 day VWAP = R125.0625

Holders will receive R35.0625 for every warrant held

Date: 30 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: 30/07/2013 10:13:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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