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INVESTEC BANK LIMITED - BTI, NPN, REM - new positions

Release Date: 20/07/2015 10:49
Code(s): REMIHK NPNIHD BTIIHE REMIHJ NPNIHC BTIIHD     PDF:  
Wrap Text
BTI, NPN, REM - new positions

INVESTEC BANK LIMITED

ANNOUNCEMENT TO WARRANT HOLDERS OF THEIR NEW POSITIONS OF THE HOT ENHANCED
DIVIDEND SECURITIES WHICH EXPIRED 17 July 2015

     Share            Old Position     Old Price    Old Strike   New Position      Price       New        Conversion    Cash per
                                                                                              Strike         Ratio        ratio
                                                                                                          (Old : New)
 British American
                        BTIIHD           209.36         494.00      BTIIHE         235.20     506.00       1:0.89014       0
   Tobacco Plc
 Naspers Limited        NPNIHC           919.93         977.00     NPNIHD          703.62     1273.00      1: 1.30742      0
 Remgro Limited         REMIHJ           92.39          172.00     REMIHK          89.87      188.00       1:1.02804       0


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, 17 July 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: 20 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.com

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

Date: 20/07/2015 10:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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