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INVESTEC BANK LIMITED - No exercise of IMPIID autocall notes

Release Date: 12/06/2023 13:20
Code(s): IMPIID     PDF:  
Wrap Text
No exercise of IMPIID autocall notes

INVESTEC BANK LIMITED


 Underlying Asset                   Impala Platinum Holdings Ltd (Johannesburg)

 Strike Price                       16,544.80

 Expiry Date                        09 June 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         100 000

 Listing Code                       IMPIID

 ISIN Code                          ZAE000311650


  UPDATE ANNOUNCEMENT - NO EXERCISE OF IMPIID AUTOCALL NOTES (AUTOCALLS) ON 9 June 2023

Holders are referred to the SENS announcement dated 26 May 2023, the conditions for Exercise were not met and the
Autocalls were not automatically exercised on 9 June 2023. The dates referred to in the SENS announcement dated 26
May 2023 are not applicable.

 Condition for Exercise                   The closing level of the Underlying Asset on 9 June 2023, multiplied by the
                                          Dividend Adjustment Performance, is greater than 90% multiplied by the Initial
                                          Asset Price
 Closing level of the Underlying          15,620.00
 Asset on 9 June 2023

 Remaining Exercise Dates                  Monday, June 10, 2024
                                           Monday, June 9, 2025
                                           Tuesday, June 9, 2026
                                           Wednesday, June 9, 2027



Date: 12 June 2023

Place and Date of Incorporation of the Issuer:
        Incorporated in the Republic of South Africa
        Registration Number: 1969/004763/06
        Date of Incorporation: 31 March 1969


For further information kindly contact:
         Investec Financial Products
         Tel.: +27 11 286 9663
         E-mail: FPRetail@investec.co.za

Sponsor:
        Investec Bank Limited
        Member of the JSE
        Registration Number: 1969/004763/06

Date: 12-06-2023 01:20:00
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