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INVESTEC BANK MAURITIUS LIMITED - Investec Bank (Mauritius) Limited: Issue of class IMRP5 redeemable preference shares

Release Date: 02/12/2014 15:45
Code(s): IMRP5     PDF:  
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Investec Bank (Mauritius) Limited: Issue of class IMRP5 redeemable preference shares

Investec Bank (Mauritius) Limited
Incorporated in the Republic of Mauritius
Company Registration number 8752/3362
Business Registration number C09008752
JSE Share Code: IMRP5
ISIN: MU0455S00040




INVESTEC BANK (MAURITIUS) LIMITED: ISSUE OF CLASS IMRP5 REDEEMABLE CUMULATIVE
NON-PARTICIPATING NO PAR VALUE PREFERENCE SHARES (REDEEMABLE PREFERENCE
SHARES): IMRPREF5


Following the establishment of a Medium Term Note and Preference Share Programme (‘the
Programme’) for the inward listing of preference shares on the Johannesburg Stock Exchange, the
Programme Memorandum dated 9 October 2014 in respect of the Programme was approved by the JSE
Limited (“the JSE”) on 9 October 2014.


Shareholders are now advised that, following a successful private placement, the JSE has approved the
inward listing of 55,000 Redeemable Preference Shares, as Class IMRP5 Redeemable Preference
Shares, under the Programme, for an aggregate subscription price of R484,633,600 with effect from
Tuesday 9 December 2014 (“the listing date”) in the “Preference Share” sector of the Main Board with
the abbreviated name “IMRPREF5”, alpha code IMRP5 and ISIN code MU0455S00040.


The 55,000 Class IMRP5 Redeemable Preference Shares will be issued to subscribers on a ‘delivery-
versus-payment’ basis on the listing date.

Salient features of the Class IMRP5 Redeemable Preference Shares are detailed below:

Issuer                          Investec Bank (Mauritius) Limited
Instrument                      Redeemable cumulative non-participating preference shares
Yield                           1.912% per annum to 27 July 2017, thereafter 3 month USD LIBOR
                                plus 1.00%. Yield is calculated on USD800.00 and settled at the
                                ZAR equivalent.
Redemption date                 28 July 2023
Issue price per share           R8,811.52
Redemption price per            ZAR equivalent of USD800.00
share


2 December 2014
Johannesburg

Sponsor:
Investec Bank Limited

Date: 02/12/2014 03:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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