SENS Expiry - SOLIHL - 1st Announcement
INVESTEC BANK LIMITED
EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 18 DECEMBER 2015
Share SASOL LIMITED
Strike Price R 300.00
Stop-Loss Level R 340.00
Expiry Date 18/12/2015
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 430 000
JSE Code SOLIHL
ISIN Code ZAE000199436
Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 18 December 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, Thursday, 17 December 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 Tuesday, 15 December
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.
04 December 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: 04/12/2015 11:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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