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Expiry Announcement - BVTIHA, CFRIHD and SHFIHA
INVESTEC BANK LIMITED
EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 16 OCTOBER 2015
COMPAGNIE FINACIARE RICHEMONT
Share The Bidvest Group Limited
SA
Strike Price R209.00 R69.00
Stop-Loss Level R237.00 R78.00
Expiry Date 23/10/2015 16/10/2015
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 270 000 1 600 000
JSE Code BVTIHA CFRIHD
ISIN Code ZAE000197372 ZAE000196978
Steinhoff International Holdings
Share
Limited
Strike price R39.00
Stop- Loss Level R44.00
Expiry Date 23/10/2015
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 3 300 000
JSE Code SHFIHA
ISIN Code ZAE000197380
Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry of CFRIHD on 16 October 2015 and BVTIHA and SHFIHA on 23
October 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, Wednesday, 14 October 2015 for CFRIHD and Wednesday, 21 October 2015
for both BVTIHA and SHFIHA. 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” CFR and SHF Hot EDS, which will list on Wednesday, 7
October 2015 and The “New” BVT Hot EDS, which will list on Monday, 19 October 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.
07 October 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: 07/10/2015 11:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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