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INVESTEC BANK LIMITED - KIOIHG - breached barrier

Release Date: 09/07/2015 09:38
Code(s): KIOIHG     PDF:  
Wrap Text
KIOIHG - breached barrier

INVESTEC BANK LIMITED
NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND KIOIHG

Share                              Kumba Iron Ore Limited



Strike Price                       R105.00
Stop-Loss Level                    R119.00
Expiry Date                        2016/04/19
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         140 000
JSE Code                           KIOIHG
ISIN Code                          ZAE000203618



Investec Bank Limited, as Issuers of the KIOIHG Hot Enhanced Dividend Security (HOTEDs), would like to advise
Holders that due to the breach of the stop loss level of R119.00 in the Underlying Share, as of close of business
Wednesday, 8 July 2015 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 W eighted Average Price (“VWAP”)
of the Underlying Share over the two Business Days following the Termination Date over the Exercise Price (Strike
Price) of R105.00. This amount will automatically accrue to holders via instruction through STRATE.

9 July 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.co.za

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

Date: 09/07/2015 09:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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