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INVESTEC BANK LIMITED - Potential automatic exercise of BATIIG autocall notes

Release Date: 25/04/2023 12:10
Code(s): BATIIG     PDF:  
Wrap Text
Potential automatic exercise of BATIIG autocall notes

INVESTEC BANK LIMITED


 Underlying Asset                   British American Tobacco PLC (London)

 Strike Price                       3,379.98

 Expiry Date                        22 April 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         100 000

 Listing Code                       BATIIG

 ISIN Code                          ZAE000310413


    POTENTIAL AUTOMATIC EXERCISE OF BATIIG AUTOCALL NOTES (AUTOCALLS) ON 24 APRIL 2023

Holders are referred to the SENS announcement dated 11 April 2023, the conditions for Exercise were not met and the
Autocalls were not automatically exercised on 24 April 2023. The dates referred to in the SENS announcement dated
11 April 2023 are not applicable.

 Condition for Exercise                   Closing level of the Underlying Asset on 24 April 2023, multiplied by the Share
                                          Adjustment Factor, is greater than the Strike Price

 Closing level of the Underlying          2,922.00
 Asset on 24 April 2023

 Remaining Exercise Dates                 Monday, 22 April 2024
                                          Tuesday, 22 April 2025
                                          Tuesday, 22 April 2026
                                          Thursday, 22 April 2027



Date: 25 April 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: 25-04-2023 12:10:00
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