INVESTEC BANK LIMITED - Notice of Barrier for Hot Enhanced Dividend SHPIHF

Notice of Barrier for Hot Enhanced Dividend SHPIHF

INVESTEC BANK LIMITED – NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND SHPIHF

Share
Shoprite Holdings Limited


Strike Price
R132.00


Stop-Loss Level
R150.00


Expiry Date
2014/05/23


Cover Ratio

1:1


Call/Put
Call


Style
American


Issue Size
650,000


JSE Code
ZAE000178786




Investec Bank Limited, as Issuers of the above SHPIHF, Hot Enhanced Dividend Security (HOTEDs), would like to advise Holders that due to the breach of the stop loss level of R150.00 in the Underlying Share, as of close of business Monday, 20 January 2014 the abovementioned HOTED has been terminated. 

Holders are now entitled to receive the Rebate Payment, represented by the number of HOTEDs held on the termination date, multiplied by the excess of the simple average of the Volume Weighted Average Price (“VWAP”) of the Underlying Share over the two Business Days following the Termination Date over the Exercise Price (Strike Price) of R132.00. This amount will automatically accrue to holders via instruction through STRATE.  

21 January 2014

Copies of the offering circular may be obtained from:
        Investec Bank Limited
        100 Grayston Drive
        Sandown
        Sandton
        2196
        
For further information contact:
        Investec Warrants
        Tel.: 011 286-4672
        E-mail: warrants@investec.co.za
        Internet: www.investec.co.za

Sponsor
        Investec Securities (Pty) Ltd
        Member of the JSE
        Registration number. 1972/008905/07)



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