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INVESTEC BANK LIMITED - MTNIHL & VODIHC - new positions

Release Date: 25/05/2015 10:33
Code(s): MTNIHL VODIHC     PDF:  
Wrap Text
MTNIHL & VODIHC - new positions

INVESTEC BANK LIMITED

ANNOUNCEMENT TO WARRANT HOLDERS OF THEIR NEW POSITIONS OF THE HOT ENHANCED
DIVIDEND SECURITIES WHICH EXPIRED 22 MAY 2015

     Share            Old Position     Old Price   Old Strike    New Position      Price       New        Conversion    Cash per
                                                                                              Strike         Ratio        ratio
                                                                                                          (Old : New)
   MTN Group          MTNIHK                                       MTNIHL
                                        R 63.28     R166.00                       R 63.65    R176.00        0.99419        0
    Limited         ZAE000191078                                 ZAE000205068
 Vodacom Group        VODIHB                                       VODIHC
                                        R 39.60         R96.00                    R 31.01    R110.00        1.27701        0
    Limited         ZAE000191094                                 ZAE000205076


Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities (Hot EDS), would like to inform
warrant holders who rolled their Hot EDS into the “New” series of Hot EDS of the positions in which their securities
closed out on Friday, 22 May 2015 and to inform warrant holders of their new positions.

This has been done on an optimal-ratio basis, with cash distribution equal to the difference between the intrinsic
value inherent to the “Expired” Hot EDS multiplied by the position held on expiry and “New” Hot EDS multiplied by
the new position held.



Date: 25 May 2015



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.com

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

Date: 25/05/2015 10:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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