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INVESTEC BANK LIMITED - ESPIB2 - Expiry announcement

Release Date: 29/01/2019 09:36
Code(s): ESPIB2     PDF:  
Wrap Text
ESPIB2 - Expiry announcement

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS – ESPIB2


 Share/ Reference Index              FTSE/JSE Top 40 Index
 Strike Price                        45,877.71
 Expiry Date                         13 February 2019
 Cover Ratio                         1:1
 Call/Put                            Put
 Style                               European
 Issue Size                          2,325
 JSE Code                            ESPIB2
 I.S.I.N                             ZAE000208906



Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 13 February 2019 (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, 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 19 February 2019.

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 the Holders Underlying
Securities for the Final Reference Amount and the proceeds, less the Premium, will automatically accrue to the Holder
via instruction through STRATE on 19 February 2019. Holders who wish to receive delivery of the remaining Underlying
Securities will need to inform Investec Bank in writing by close of business on the 11th February 2019.


Date: 29 January 2019

Copies of the offering circular may be obtained from:
        Investec Bank Limited
        100 Grayston Drive
        Sandown
        Sandton
        2196

Copies of Warrant issue documentation can be located on:
        Internet: www.investecwarrants.com

Place and Date of Incorporation of the Issuer:
        Incorporated in the Republic of South Africa
        Registration Number: 1969/004763/06
        Date of Incorporation: 31 March 1969

For further information kindly contact:
         Investec Financial Products
         Tel.: +27 11 286 9663
         E-mail: FPRetail@investec.co.za

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

Date: 29/01/2019 09:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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