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INVS - INVESTEC BANK LIMITED - Adjustment to the terms and conditions of ESPIBQ

Release Date: 22/07/2011 16:18
Code(s): JSE ESPIBQ
Wrap Text

INVS - INVESTEC BANK LIMITED - Adjustment to the terms and conditions of ESPIBQ INVESTEC BANK LIMITED ADJUSTMENT TO THE TERMS AND CONDITIONS OF ESPIBQ - ZAE000153276 Investec Equity Structured Products Further to the announcement dated 7 July 2011,as a result of the demerger of Mpact Limited (previously Mondi Packaging South Africa Limited)("MPT") by Mondi Limited to the ordinary shareholders of Mondi Limited ("MND") corporate action ("the Demerger"), the conversion of Mondi Limited ordinary shares and Mondi Limited Special converting shares with a par value of R0.20 per share to shares of no par value ("the Conversion") and the consolidation of the Mondi Limited Ordinary Shares ("the Consolidation") as set out in set out in their announcement made on the 31 May 2011, MND will: 1. replace the existing Mondi Limited ordinary shares with new Mondi Limited ordinary shares to be listed on 1 August 2011, with new ISIN code ZAE000156550 and same JSE code ("New MND"), at the Consolidation Ratio which was determined such that each MND shareholder will receive 0.80540 New MND share in exchange for every 1 existing MND share held on the Consolidation record date, being Friday 5 August 2011. The Salient Dates in respect of the Conversion and Consolidation are as follows: Last day to trade in existing MND shares: Friday, 29 July 2011 New MND shares listed and commence trading: Monday, 1 August 2011 Record Date: Friday, 5 August 2011 Conversion and Consolidation effected on: Monday, 8 August 2011 The "Holder Underlying Securities" per Specified Amount of ESPIBQ, and the Annexures to the 16th Supplement, will therefore be adjusted accordingly to replace the existing MND shares with the New MND shares at the Consolidation Ratio, effective from Monday 8 August 2011. Save as set out herein, the Holders rights are not affected by the Demerger, Conversion or Consolidation. 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.: 0860 103 343 E-mail: warrants@investec.co.za Internet: www.investec.com Sponsor Investec Securities Limited Member of the JSE (Registration number. 1972/008905/06) Date: 22/07/2011 16:18:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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