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INVESTEC BANK LIMITED - Distribution payment of variable strike warrant - HYPIVC

Release Date: 20/05/2016 11:06
Code(s): HYPIVC     PDF:  
Wrap Text
Distribution payment of variable strike warrant - HYPIVC

INVESTEC BANK LIMITED

JSE SHARE CODE: HYPIVC
JSE ISIN CODE: ZAE000138202

Investec Variable Strike Warrant: Distribution Payment of Terminated Variable Strike Warrant HYPIVC


Share                   Adjusted       Expiry Date      Cover   Call/Put       Style          JSE Code
                        Exercise                        Ratio
                        Price per
                         Share

Hyprop Investments        R0.00        24/07/2019        1:1      Call       European        HYPIVC
Limited                                                                                    ZAE000138202




As a result of the “Interest Distribution” an adjustment was made to the exercise price to ensure the financial position of the
warrant holders is unprejudiced.

Investec Bank Limited, as Issuers of the abovementioned warrant HYPIVC, would like to advise Holders, that due to the new
adjusted exercise price of R0.00, effective 4 April 2016, HYPIVC has terminated and holders are now entitled to receive the
linked units at the new exercise price of R0.01, together with the balance of the cash payment being the R5.78 distribution less
the R 4.3484 final pay down of the strike (equaling R1.43). This will automatically accrue to holders via instruction to STRATE.

20 May 2019


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.: 0860 103 343
          E-mail: warrants@investec.co.za
          Internet: www.investecwarrants.com

Sponsor
          Investec Securities Limited
          Member of the JSE
          Registration number. 1972/008905/06)

          )

Date: 20/05/2016 11:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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