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INVESTEC BANK LIMITED - Imminent Expiry Of SHPIHH

Release Date: 01/09/2017 12:58
Code(s): SHPIHH     PDF:  
Wrap Text
Imminent Expiry Of  SHPIHH

INVESTEC BANK LIMITED

EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 15 SEPTEMBER 2017



Share                                   Shoprite Holdings Limited

Strike Price                           R 136.00
Stop-Loss Level                        R 154.00
Expiry Date                            15/09/2017
Cover Ratio                            1:1
Call/Put                               Call
Style                                  American
Issue Size                             686,000
JSE Code                               SHPIHH
ISIN Code                              ZAE000232559


Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 15 September 2017 (see the related securities above).

1.             Holders may choose to exercise and pay the Exercise Price (Strike Price) in order to receive the
               underlying securities on or before 12:00 hours, one business day prior to the Expiry Date.

2.             Should holders choose to expire the “Existing” HotEDS they should notify the Investec Equity Derivatives
               Desk before 12:00 hours on Wednesday, 13 September 2017. The “Existing” HotEDS will expire at full
               intrinsic value on the respective expiry date. A cash settlement amount representing the number of
               HotEDS held on that date multiplied by the excess of the simple average of the Volume Weighted Average
               Price (“VWAP”) of the Underlying Parcel over the two Business Days following the Expiry Date, over the
               Exercise Price (Strike Price) will automatically accrue to the holder via instruction through STRATE.

3.             Should holders not choose either option 1 or 2, Investec will make arrangement to buy-back the “Existing”
               Hot EDS and sell the “New” Hot EDS. (The “New” Hot EDS, which will list on Friday, 8 September 2017).
               This will be done on an optimal ratio basis, a cash distribution of any difference between the intrinsic value
               inherent to the “Existing” Hot EDS and the “New” Hot EDS will accrue to the client.


Date: 01 September 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: 01/09/2017 12:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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