Option expiry - ESPIB9
INVESTEC BANK LIMITED
Reference Index World Axis Global Equity Fund
Strike Price (cents) USD 12061
Expiry Date 29 April 2022
Cover Ratio 1:1
Call/Put/Other Put
Style European
Issue Size 3,988
JSE Code ESPIB9
ISIN Code ZAE000218475
OPTION EXPIRY ON 29 APRIL 2022
Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 29 April 2022 (see the related securities above).
In the event that the Put Strike Price of the Put exceeds the Final Reference Price on the Expiry Date, the Put Option
will be automatically exercised, the Holders will sell the Holder Underlying Securities to the Issuer and the Put Strike
Price will automatically accrue to the Holder via instruction through STRATE on 06 May 2022.
In the event that the Final Reference Price exceeds the Put Strike Price on the Expiry Date the Put Option shall expire
out of the money and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell the Holder Underlying
Securities for the Final Reference Amount and the proceeds, less the Premium, will automatically accrue to the Holder
via instruction through STRATE on 06 May 2022.
Holders may make the following elections:
A) Cash Settlement: the default election at expiry is for holders to sell the underlying securities in exchange for the put
option strike price in the event that the put option expires in the money, holders are not required to take any action
should they wish to make this election
B) Underlying Securities and Cash Settlement: holders will need to inform Investec in writing by close of business on
Friday, 22 April 2022 should they wish to receive delivery of the underlying securities and for the amount by which
the put option strike price exceeds the expiry value of the underlying securities to be settled in cash price in the
event that the put option expires in the money
C) Underlying Securities: holders will need to inform Investec in writing by close of business on Friday, 22 April 2022
should they wish to receive delivery of the remaining underlying securities in the event that the put option expires
out of the money
Last date to trade Friday, 29 April 2022
Date of announcement of Put Option Strike Price Tuesday, 03 May 2022 by 11h00
Suspension date Tuesday, 03 May 2022
Record Date Thursday, 05 May 2022
Payment/Redemption Date Friday, 06 May 2022
Termination Date Monday, 09 May 2022
Date: 12 April 2022
Copies of Warrant issue documentation can be located on:
Internet: www.investecwarrants.com
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: 12-04-2022 01:40:00
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