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INVESTEC BANK LIMITED - Expiry of Equity Structured Product (ESPIBA)

Release Date: 25/10/2016 10:47
Code(s): ESPIBA     PDF:  
Wrap Text
Expiry of Equity Structured Product (ESPIBA)

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP)


 Share                                FTSE/JSE Top 40 Index



 Strike Price                         34.068
 Expiry Date                          27/10/2016
 Cover Ratio                          1:1

 Call/Put                             Put
 Style                                European
 Issue Size                           4,251
 JSE Code                             ESPIBA ZAE000178901



Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 27 October 2016 (see the related securities above).

In the event that the Put Strike Price of the Put exceeds the Final Reference Price on the Expiry Date, the Put Option
will be automatically exercised and the Holders will sell the Holder Underlying Securities to the Issuer, and the Put Strike
Price will automatically accrue to the Holder via instruction through STRATE on 03 November 2016.

In the event that the Final Reference Price exceeds the Put Strike Price on the Expiry Date the Put Option shall expire
out of the money, and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell so many of the Holder
Underlying Securities required to settle the Premium and the Holder will then be entitled to delivery of the balance of the
Holder Underlying Securities, through STRATE on 03 November 2016.



Holders of ESPIBA will be notified on Friday, 28 October 2016, and to the extent applicable, the number of new ESP’s
that will be allocated per each ESPIBA.

25 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.com

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

Date: 25/10/2016 10:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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