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INVESTEC BANK LIMITED - FIRST EXPIRY ANNOUNCEMENT: MTNIHJ/ SOLIHJ/ VODIHA

Release Date: 12/05/2014 09:45
Code(s): VODIHA SOLIHJ MTNIHJ     PDF:  
Wrap Text
FIRST EXPIRY ANNOUNCEMENT: MTNIHJ/ SOLIHJ/ VODIHA

INVESTEC BANK LIMITED

EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 19 MAY 2014



Share                                 MTN GROUP LIMITED                        SASOL LIMITED

Strike Price                          R 129.00                                 R 308.00
Stop-Loss Level                       R 146.00                                 R 349.00
Expiry Date                           23/05/2014                               23/05/2014
Cover Ratio                           1:1                                      1:1
Call/Put                              Call                                     Call
Style                                 American                                 American
Issue Size                            1,900,000                                550,000
JSE Code                              MTNIHJ ZAE000178778                      SOLIHJ ZAE000178794


Share                                 VODACOM GROUP LIMITED
Strike price                          R 83.00
Stop- Loss Level                      R 94.00
Cover Ratio                           1:1
Call/Put                              Call
Style                                 American
Issue Size                            700,000
JSE Code                              VODIHA ZAE000178802


Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 23 May 2014 (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, Friday, 19 May 2014. 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 Friday, 19 May 2014). 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 .

12 May 2014

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) Ltd
Member of the JSE
Registration number. 1972/008905/07)

Date: 12/05/2014 09:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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