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INVESTEC BANK LIMITED - MTNIHL - breached barrier announcement

Release Date: 13/08/2015 14:23
Code(s): MTNIHL     PDF:  
Wrap Text
MTNIHL - breached barrier announcement

INVESTEC BANK LIMITED
NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND MTNIHL

Share                              MTN Group Limited



Strike Price                       R176.00
Stop-Loss Level                    R200.00
Expiry Date                        2016/05/20
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         1 860 000
JSE Code                           MTNIHL
ISIN Code                          ZAE000205068



Investec Bank Limited, as Issuers of the MTNIHL Hot Enhanced Dividend Security (HOTEDs), would like to advise
Holders that due to the breach of the stop loss level of R200.00 in the Underlying Share, as of close of business
Wednesday, 12 August 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 Weighted Average Price (“VWAP”)
of the Underlying Share over the two Business Days following the Termination Date over the Exercise Price (Strike
Price) of R176.00. This amount will automatically accrue to holders via instruction through STRATE.

13 August 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: 13/08/2015 02:23:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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