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INVESTEC BANK LIMITED - Breached Barrier- GRTIHB

Release Date: 23/08/2013 09:07
Code(s): GRTIHB     PDF:  
Wrap Text
Breached Barrier- GRTIHB

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

Share                              Growthpoint Properties Limited




Strike Price                       R20.00
Stop-Loss Level                    R23.00
Expiry Date                        2014/07/23
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         1,400,000
JSE Code                           GRTIHB ZAE000180949



Investec Bank Limited, as Issuers of the above GRTIHB, Hot Enhanced Dividend Security (HOTEDs), would like to
advise Holders that due to the breach of the stop loss level of R23.00 in the Underlying Share, as of close of
business Thursday, 22 August 2013 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 R20.00. This amount will automatically accrue to holders via instruction through STRATE.

23 August 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.investec.co.za

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

Date: 23/08/2013 09:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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