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INVESTEC BANK LIMITED - Expiry of Equity Structured Product - ESPIBB

Release Date: 14/03/2017 13:40
Code(s): ESPIBB     PDF:  
Wrap Text
Expiry of Equity Structured Product - ESPIBB

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP)


 Share                                FTSE/JSE Top 40 Index



 Strike Price                         39,071.50
 Expiry Date                          16/03/2017
 Cover Ratio                          1:1

 Call/Put                             Put
 Style                                European
 Issue Size                           1265
 JSE Code                             ESPIBB ZAE000184263


Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 16 March 2017 (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 23 March 2017.

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 23 March 2017.



Holders of ESPIBB will be notified on Friday, 17 March 2017.

14 March 2017

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: 14/03/2017 01:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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