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INVESTEC BANK LIMITED - IPLIHG - Notice of Rebate

Release Date: 20/08/2015 12:29
Code(s): IPLIHG     PDF:  
Wrap Text
IPLIHG - Notice of Rebate

INVESTEC BANK LIMITED
NOTICE OF REBATE FOR HOT ENHANCED DIVIDEND IPLIHG

Share                              Imperial Holdings Limited



Strike Price                       R143.00
Stop-Loss Level                    R162.00
Expiry Date                        2016/02/19
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         250 000
JSE Code                           IPLIHG
ISIN Code                          ZAE000202107



Investec Bank Limited, as Issuers of the above IPLIHG, Hot Enhanced Distribution Security (HOT EDS), advised
Holders that due to the breach of the stop loss level of R162.00 in the Underlying Share, as of close of business
Monday, 17 August 2015 the abovementioned Hot Enhanced Distribution Security (HOT EDS) has been
terminated.

The Rebate Payment, represented by the number of HOT EDS 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 R143.00 This amount
will automatically accrue to holders via instruction through STRATE.

The VWAP on, 18 August 2015 = 15705.6816 cents
The VWAP on, 19 August 2015 = 15899.0771 cents
The simple average of the 2 day VWAP = 15802.3794 cents

Holders will receive 1502.3794 for every warrant held.

20 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.investecwarrants.com

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

Date: 20/08/2015 12:29:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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