Sectors Shares

Investec Bank Limited - Imminent Expiry- Espibn

Release Date: 16/05/2018 15:33
Code(s): ESPIBN
 
Wrap Text
Imminent Expiry- ESPIBN

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP)


Share/ Reference Index             FTSE/JSE Top 40 Index



Strike Price                       44,693.72
Expiry Date                        25 May 2018
Cover Ratio                        1:1

Call/Put                           Put
Style                              European
Issue Size                         1,674
JSE Code                           ESPIBN ZAE000199329



Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 25 May 2018 (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 31 May 2018.

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 31 May 2018.


Date: 16 May 2018

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: 16/05/2018 03:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story