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INVESTEC BANK LIMITED - Breached barrier

Release Date: 02/10/2014 11:47
Code(s): CFRIHC     PDF:  
Wrap Text
Breached barrier

INVESTEC BANK LIMITED
NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND CFRIHC

Share                              Compagnie Financiare Richemont SA



Strike Price                       R83.00
Stop-Loss Level                    R94.00
Expiry Date                        2015/07/17
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         2,600,000
JSE Code                           ZAE000193041



Investec Bank Limited, as Issuers of the above CFRIHC, Hot Enhanced Distribution Security (HOT EDS), advised
Holders that due to the breach of the stop loss level of R94.00 in the Underlying Share, as of close of business
Monday, 29 September 2014 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 R83.00 This amount will
automatically accrue to holders via instruction through STRATE.

The VWAP on, 30 September 2014 = R 92.542402
The VWAP on, 01 October 2014 = R 91.502734
The simple average of the 2 day VWAP = R 92.022568

Holders will receive R 9.022568 for every warrant held.



02 October 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)

Date: 02/10/2014 11:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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