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INVESTEC BANK LIMITED - Expiry of SHPIHH - New SHPIHI

Release Date: 18/09/2017 14:10
Code(s): SHPIHI SHPIHH     PDF:  
Wrap Text
Expiry of SHPIHH - New SHPIHI

INVESTEC BANK LIMITED

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



     Share         Old Position     Old Price   Old Strike   New Position       Price         New      Conversion      Cash
                                                                                             Strike       Ratio         per
                                                                                                       (Old : New)     ratio
    Shoprite         SHPIHH          R73.75     R 136.00        SHPIHI          R59.37      R160.00     1:1.24221       0
Holdings Limited   ZAE000232559                              ZAE000249090




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 Friday, 15 September 2017 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.

18 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: 18/09/2017 02:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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