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INVESTEC BANK LIMITED - MTNIHN - Notice of Rebate

Release Date: 21/10/2016 13:54
Code(s): MTNIHN     PDF:  
Wrap Text
MTNIHN - Notice of Rebate

INVESTEC BANK LIMITED
NOTICE OF REBATE FOR HOT ENHANCED DIVIDEND MTNIHN

Share                              MTN Group Limited



Strike Price                       R96.00
Stop-Loss Level                    R109.00
Expiry Date                        2016/12/15
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         1,600,000
JSE Code                           MTNIHN
ISIN Code                          ZAE000212650



Investec Bank Limited, as Issuers of the MTNIHN Hot Enhanced Dividend Security (HOTEDs), advised holders
that due to the breach of the stop loss level of R109.00 in the Underlying Share, as of close of business on
Tuesday the 18th of October 2016 the abovementioned HOTED was 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 R96.00 This amount will
automatically accrue to holders via instruction through STRATE.

The VWAP on 19 October 2016 = R110.9025
The VWAP on 20 October 2016 = R107.6087
The simple average of the 2 day VWAP = R109.2556

Holders will receive R13.2556 for every warrant held.

21 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.: 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: 21/10/2016 01:54:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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