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INVESTEC BANK LIMITED - Rebate Announcement for the expiry of SBKIHK and SOLIHN

Release Date: 20/12/2017 10:50
Code(s): SOLIHN SBKIHK     PDF:  
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Rebate Announcement for the expiry of SBKIHK and SOLIHN

INVESTEC BANK LIMITED

NOTICE OF REBATE


Share                              Standard Bank Group Limited



Strike Price                       R 116.00
Stop-Loss Level                    R 131.00
Expiry Date                        15/12/2017
Cover Ratio                        1:1
Call/Put                           Call
Style                              American
Issue Size                         1,720,000
JSE Code                           SBKIHK
ISIN Code                          ZAE000236493

Share                              Sasol Limited



Strike Price                       R 296.00
Stop-Loss Level                    R 336.00
Expiry Date                        15/12/2017
Cover Ratio                        1:1
Call/Put                           Call
Style                              American
Issue Size                         750,000
JSE Code                           SOLIHN
ISIN Code                          ZAE000236501



Investec Bank Limited, as Issuers of the above SBKIHK and SOLIHN Hot Enhanced Distribution Security
(HotEDS), advised holders that the abovementioned Hot Enhanced Distribution Security (HotEDS) expired on 15
December 2017.

With respect to SBKIHK, the Rebate Payment, represented by the number of HotEDS held on the expiry date,
multiplied by the excess of the simple average of the Volume Weighted Average Price (“VWAP”) of the Underlying
Share over the two Business Days following the Expiry Date over the Exercise Price (Strike Price) of R 116.00.
This amount will automatically accrue to holders via instruction through STRATE.

The VWAP on, 18 December 2017 = R 185.184954
The VWAP on, 19 December 2017 = R 196.288126
The simple average of the 2 day VWAP = R 190.7365
Holders will receive R 74.7365 for every warrant held.

With respect to SOLIHN, the Rebate Payment, represented by the number of HotEDS held on the expiry date,
multiplied by the excess of the simple average of the Volume Weighted Average Price (“VWAP”) of the Underlying
Share over the two Business Days following the Expiry Date over the Exercise Price (Strike Price) of R 296.00.
This amount will automatically accrue to holders via instruction through STRATE.

The VWAP on, 18 December 2017 = R 431.359683
The VWAP on, 19 December 2017 = R 401.859251
The simple average of the 2 day VWAP = R 416.6095
Holders will receive R 120.6095 for every warrant held.

20 December 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.investecwarrants.com

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

Date: 20/12/2017 10:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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