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INVESTEC BANK LIMITED - RDFIHG - Expiry Notice

Release Date: 08/01/2015 14:17
Code(s): RDFIHG     PDF:  
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RDFIHG - Expiry Notice

INVESTEC BANK LIMITED

EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 16 JANUARY 2015



Share                                  REDEFINE PROPERTIES LIMITED

Strike Price                           R 7.50
Stop-Loss Level                        R 7.99
Expiry Date                            16/01/2015
Cover Ratio                            1:1
Call/Put                               Call
Style                                  American
Issue Size                             1,500,000
JSE Code                               RDFIHG
ISIN Code                              ZAE000187373


Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 16 January 2015 (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, Monday, 12 January 2015. 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 Thursday, 15 January 2015).
               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 .

8 January 2015

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: 08/01/2015 02:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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