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INVESTEC BANK LIMITED - Expiry of HotEds New Positions: BVTIHA - BVTIHB SHFIHA - SHFIHB

Release Date: 26/10/2015 16:03
Code(s): SHFIHB SHFIHA BVTIHA BVTIHB     PDF:  
Wrap Text
Expiry of HotEds New Positions: BVTIHA - BVTIHB SHFIHA - SHFIHB

INVESTEC BANK LIMITED
ANNOUNCEMENT TO WARRANT HOLDERS OF THEIR NEW POSITIONS OF
THE HOT ENHANCED DIVIDEND SECURITIES WHICH EXPIRED

      Share           Old Position     Old Price         Old      New Position    Price       New        Conversion    Cash per
                                                        Strike                               Strike         Ratio        ratio
                                                                                                         (Old : New)
Steinhoff              SHFIHA           R46.23     R39.00        SHFIHB          R27.80     R62.00     1:1.66295          0
International       ZAE0001973380                                ZAE000210134
Holdings Ltd



Bidvest Ltd            BVTIHA           R144.99    R209.00       BVTIHB          R109.16    R260.00    1:1.32823          0
                    ZAE000197372                                 ZAE000210548




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, 23 October 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.

26 October 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: 26/10/2015 04:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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