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INVESTEC BANK LIMITED - Announcement to warrant holders of their new positions of the Hot Enhanced Dividend Securities which expired

Release Date: 19/12/2016 12:45
Code(s): BILIHB SOLIHN SBKIHK SOLIHM BILIHA SBKIHJ     PDF:  
Wrap Text
Announcement to warrant holders of their new positions of the Hot Enhanced Dividend Securities which expired

INVESTEC BANK LIMITED

ANNOUNCEMENT TO WARRANT HOLDERS OF THEIR NEW POSITIONS OF THE HOT ENHANCED
DIVIDEND SECURITIES WHICH EXPIRED

   Share         Old Position     Old        Old        New Position    Price       New      Conversion      Cash
                                 Price      Strike                                 Strike       Ratio         per
                                                                                             (Old : New)     ratio
BHP Billiton       BILIHA       R110.01    R118.00      BILIHB         R 55.53    R182.00   1:1.98109          0
Plc             ZAE000212643                            ZAE000236485




Standard           SBKIHJ       R 63.59    R87.00       SBKIHK         R 41.72    R116.00   1:1.52421          0
Bank Limited    ZAE000212668                            ZAE000236493




                  SOLIHM                   R283.00        SOLIHN                                                   0
                                                                                             1:0.94739
                ZAE000212684                            ZAE000236501
Sasol                                                                  R120.31   R296.00
                                R113.98
Limited




Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities (Hot EDS), would like to inform
warrant holders who rolled their Hot EDS into the “New” series of Hot EDS of the positions in which their securities
closed out on Thursday, 15 December2016 and to inform warrant holders of their new positions.

This has been done on an optimal-ratio basis, with cash distribution equal to the difference between the intrinsic
value inherent to the “Expired” Hot EDS multiplied by the position held on expiry and “New” Hot EDS multiplied by
the new position held.

19 December 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: 19/12/2016 12:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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