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INVESTEC BANK LIMITED - Automatic exercise of SCRIIB autocall notes

Release Date: 27/05/2024 13:59
Code(s): SCRIIB     PDF:  
Wrap Text
Automatic exercise of SCRIIB autocall notes

INVESTEC BANK LIMITED


 Underlying Asset                   SCOR SE (Paris)

 Strike Price                       2500.57

 Expiry Date                        26 May 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         100 000

 JSE Code                           SCRIIB

 ISIN Code                          ZAE000311254


                AUTOMATIC EXERCISE OF SCRIIB AUTOCALL NOTES (AUTOCALLS) ON 24 May 2024

As announced on 08 May 2024, Investec Bank Limited, as Issuers of the above Autocall Notes ("Autocalls"), hereby
notifies Holders of the automatic Exercise on 24 May 2024 (see the related securities above).

On 24 May 2024 (the Valuation Date and Exercise Date), the conditions for Exercise were met, therefore Autocalls were
Exercised and expired on 24 May 2024. The Holders are entitled to a Cash Settlement Amount determined as follows:

 Condition for Exercise                       Closing level of the Underlying Asset on 24 May 2024, multiplied by the
                                              Share Adjustment Factor, is greater than the Strike Price

 Date of announcement of whether the          Monday, 27 May 2024
 Condition for Exercise has been met

 Cash Settlement Amount                       R1,660.0000

 Last date to trade                           Monday, 27 May 2024

 Suspension date                              Tuesday, 28 May 2024

 Record date                                  Friday, 31 May 2024

 Payment/Redemption Date                      Monday, 03 June 2024

 Termination date                             Tuesday, 04 June 2024



Date: 27 May 2024

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: 27-05-2024 01:59:00
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