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INVESTEC BANK LIMITED - Expiry of Equity Linked Note IBLIIJ

Release Date: 12/03/2024 17:23
Code(s): IBLIIJ     PDF:  
Wrap Text
Expiry of Equity Linked Note – IBLIIJ

INVESTEC BANK LIMITED

EXPIRY OF EQUITY LINKED NOTE – IBLIIJ


 Index                                  MSCI World Net Total Return USD Index
                                        (NDDUWI Index)

 Strike Price                           8,374.506

 Expiry Date                            11 March 2024

 Cover Ratio                            1:1

 Call/Put/Other                         Call

 Style                                  European

 Issue Size                             102 000

 JSE Code                               IBLIIJ

 ISIN Code                              ZAE000296851


Investec Bank Limited ("Investec"), as Issuer of the above Equity Linked Note (ELN), hereby reminds holders thereof of the expiry of
the ELN on 11 March 2024.

The holders of the ELN are entitled to a Cash Settlement Amount, which amount has been ascertained by Investec on 12 March 2024
and will be paid on 22 March 2024. Further amounts and dates per below:


 Cash Settlement Amount                                                                     R162,812,400.00
 Cash Settlement Amount per note by 11:00                                                         R1,596.20
 Initial Investment Amount (IIA)                                                            R102,000,000.00
 Expiry date                                                                          Monday, 11 March 2024
 Last date to trade                                                                   Monday, 11 March 2024
 Suspension date                                                                     Tuesday, 12 March 2024
 Record date                                                                        Thursday, 14 March 2024
 Payment/Redemption Date                                                              Monday, 25 March 2024
 Termination date                                                                    Tuesday, 26 March 2024


Date: 12 March 2024

Copies of the offering circular may be obtained from:
        Investec Bank Limited
        100 Grayston Drive
        Sandown
        Sandton
        2196

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 11 291 0400
        E-mail: investecinstosalesandstructuring@investec.co.za

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

Date: 12-03-2024 05:23:00
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