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INVESTEC BANK LIMITED - Expiry of ESPIBL

Release Date: 29/05/2018 15:32
Code(s): ESPIBL     PDF:  
Wrap Text
Expiry of ESPIBL

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP)


                                   Old Position (ESPIBL)              New Position (SPIB26)
Reference Index                    FTSE/JSE Top 40 Index              FTSE/JSE Capped Top 40 Index
Strike Price                       44,693.72                          26,284.83
Expiry Date                        25 May 2018                        04 March 2022
Cover Ratio                        1:1                                1:1
Call/Put                           Put                                Put
Style                              European                           European
Issue Size                         3,366                              3,939
JSE Code                           ESPIBL                             SPIB26
ISIN                               ZAE000199311                       TBA


Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
the option expiry on that occurred on 25 May 2018 (see the related securities above).

The Put Strike Price of the Put exceeded the Final Reference Price on the Expiry Date, hence the Put Option expired
in the money. As a result thereof the Holder will sell the Holder Underlying Securities to the Issuer, and the equivalent
Put Strike Price of R11 947.28 per ESPIBL will automatically accrue to the Holder via instruction through STRATE on
31 May 2018.

Holders who have elected and requested the Issuer to utilize the abovementioned settlement amount to reinvest in a
quantity of new ESPs shall receive one new SPIB26, to be listed on 11 June 2018, for every ESPIBL held. The
Holders positions in SPIB26 following the expiry of ESPIBL will be allocated on 14 June 2018.

Date: 29 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: 29/05/2018 03:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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