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INVESTEC BANK LIMITED - REMIHL HED Treatment relating to REMGRO Limited Rights Issue

Release Date: 12/10/2016 10:20
Code(s): REMIHL     PDF:  
Wrap Text
REMIHL HED Treatment relating to REMGRO Limited Rights Issue

INVESTEC BANK LIMITED


REMIHL HED TREATMENT RELATING TO REMGRO LIMITED RIGHTS ISSUE

JSE SHARE CODE: REMIHL
JSE ISIN CODE: ZAE000221859



As a result of the Remgro Limited (“REM”) corporate action announcement made on Tuesday, 27th September 2016,
whereby holders of REM ordinary shares were informed that they would receive 10 Rights Issue shares REMN
(Remgro Limited NPL) for every 100 Ordinary shares in REM (Remgro Limited) held on the record date of the Rights
Issue. These Rights Issue shares have a subscription price of R192.50

REMIHL holders will have the full value of the rights (REMN) ceded in cash at expiry using the closing price of REMN
on Tuesday the 18th of October 2016 , being the last day to trade in REMN.

Accordingly, Investec Bank Ltd as Calculation Agent of the REMIHL Hot Enhanced Dividend Security (HOTEDs) will
distribute this intrinsic value of the REMN units to the holders of REMIHL, which will be payable on Wednesday, 26th
October 2016.

REMIHL holders are referred to the Rights Issue SENS Announcement made by Remgro Limited on Tuesday the 27 th
of September for further details relating to the salient dates and timetable that have been set.


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

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

Date: 12/10/2016 10:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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