To view the PDF file, sign up for a MySharenet subscription.

INVESTEC BANK LIMITED - Expiry Announcement - ESPIBW

Release Date: 16/09/2015 13:30
Code(s): ESPIBW     PDF:  
Wrap Text
Expiry Announcement - ESPIBW

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP)


 Share                                FTSE/JSE Top 40 Index



 Strike Price                         29,603
 Expiry Date                          30/09/2015
 Cover Ratio                          1:1

 Call/Put                             Put
 Style                                European
 Issue Size                           979
 JSE Code                             ESPIBW ZAE000166872


Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 30 September 2015 (see the related securities above).

In the event that the Put Strike Price of the Put exceeds the Final Reference Price on the Expiry Date, the Put Option
will be automatically exercised and the Holders will sell the Holder Underlying Securities to the Issuer, and the Put Strike
Price will automatically accrue to the Holder via instruction through STRATE on 12 October 2015.

In the event that the Final Reference Price exceeds the Put Strike Price on the Expiry Date the Put Option shall expire
out of the money, and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell so many of the Holder
Underlying Securities required to settle the Premium and the Holder will then be entitled to delivery of the balance of the
Holder Underlying Securities, through STRATE on 12 October 2015.



Holders of ESPIBW will be notified on Thursday, 01 October 2015.

16 September 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: 16/09/2015 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story