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INVESTEC BANK LIMITED - Breached Barrier - BILIHO - 2nd Announcement

Release Date: 16/11/2015 14:27
Code(s): BILIHO     PDF:  
Wrap Text
Breached Barrier - BILIHO - 2nd Announcement

INVESTEC BANK LIMITED
NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND BILIHO

Share                              BHP Billiton Plc



Strike Price                       R177.00
Stop-Loss Level                    R200.00
Expiry Date                        2016/08/17
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         200 000
JSE Code                           BILIHO
ISIN Code                          ZAE000208088



Investec Bank Limited, as Issuers of the above BILIHO, Hot Enhanced Distribution Security (HOT EDS), advised
Holders that due to the breach of the stop loss level of R200.00 in the Underlying Share, as of close of business
Wednesday, 11 November 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 R177.00 This amount
will automatically accrue to holders via instruction through STRATE.

The VWAP on, 12 November 2015 = 19449.0078 cents
The VWAP on, 13 November 2015 = 19532.3066 cents
The simple average of the 2 day VWAP = 19490.6572 cents

Holders will receive 1790.6572 cents for every warrant held.

16 November 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: 16/11/2015 02:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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