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INVESTEC BANK LIMITED - Breached Barrier FSRIHJ

Release Date: 11/06/2013 13:36
Code(s): FSRIHJ     PDF:  
Wrap Text
Breached Barrier FSRIHJ

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

Share                              FirstRand Bank Limited




Strike Price                       R24.00
Stop-Loss Level                    R27.00
Expiry Date                        23/05/2014
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         4,000,000
JSE Code                           FSRIHJ ZAR000178760




Investec Bank Limited, as Issuers of the above FSRIHJ, Hot Enhanced Distribution Security (HOT EDS), advised
Holders that due to the breach of the stop loss level of R27.00 in the Underlying Share, as of close of business
Thursday, 6 June 2013 the abovementioned Hot Enhanced Distribution Security (HOT EDS) has been terminated.

The Rebate Payment, represented by the number of HOT EDS 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 R24.00 This amount will
automatically accrue to holders via instruction through STRATE.

The VWAP on, 7 June 2013 = 2719.94 cents
The VWAP on, 10 June 2013 = 2699.87 cents
The simple average of the 2 day VWAP = 2709.905 cents

Holders will receive 309.905 cents for every warrant held.

11 June 2013

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.investecwarrants.com

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

Date: 11/06/2013 01:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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