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

INVESTEC BANK LIMITED - Breached Barrier Announcement - CFRIHE

Release Date: 27/06/2016 10:30
Code(s): CFRIHE     PDF:  
Wrap Text
Breached Barrier Announcement - CFRIHE

INVESTEC BANK LIMITED
NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND CFRIHE

Share                              Compagnie Financiore Richemont SA



Strike Price                       R79.00
Stop-Loss Level                    R89.00
Expiry Date                        2016/09/28
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         1,000,000
JSE Code                           CFRIHE
ISIN Code                          ZAE000210126



Investec Bank Limited, as Issuers of the CFRIHE Hot Enhanced Dividend Security (HOTEDs), would like to advise
Holders that due to the breach of the stop loss level of R89.00 in the Underlying Share, as of close of business on
Friday, 24 June 2016 the abovementioned HOTED has been terminated.

Holders are now entitled to receive the Rebate Payment, represented by the number of HOTEDs 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 R79.00. This amount will automatically accrue to holders via instruction through STRATE.

27 June 2016

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.co.za

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

Date: 27/06/2016 10:30:00 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