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JSE RMHIDBSLMIDGDTCIDG
INVS
INVS - Investec Bank - Expiry of enhanced dividend securities 24 March 2010
INVESTEC BANK LIMITED
EXPIRY OF ENHANCED DIVIDEND SECURITIES 24 MARCH 2010
Share Datatec Limited RMB Holdings Limited
Strike Price R9.50 R12.25
Stop-Loss Level R13.00 R16.75
Expiry Date 24/03/2010 24/03/2010
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 133000 648000
JSE Code DTCIDG ZAE000137303 RMHIDB ZAE000137295
Share Sanlam Limited
Strike Price R9.25
Stop-Loss Level R12.75
Expiry Date 24/03/2010
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1735000
JSE Code SLMIDG ZAE000137311
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 24 March 2010
(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" EDS they should notify the
Investec Equity Derivatives Desk before 12:00 hours, Tuesday 16 March 2010.
The "Existing" EDS will expire at full intrinsic value on the respective
expiry date. A cash settlement amount representing the number of EDS 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.
3. Should holders not choose either option 1 or 2, Investec will make
arrangement to buy-back the "Existing" EDS and sell the "New" EDS. (The
"New" EDS, will be listed on the 17 March 2010) This will be done on an
optimal ratio basis, a cash distribution of any difference between the
intrinsic value inherent to the "Existing" EDS and the "New" EDS will
accrue to the client.
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.investecwarrants.com
Sponsor
Investec Securities Limited
Member of the JSE
Registration number. 1972/008905/06)
Date: 10/03/2010 16:44:02 Produced by the JSE SENS Department.
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