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INVESTEC BANK LIMITED - expiry of NPNIHE and roll into NPNIHF

Release Date: 13/07/2017 10:58
Code(s): NPNIHF NPNIHE     PDF:  
Wrap Text
expiry of NPNIHE and roll into NPNIHF

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
Naspers Limited      NPNIHE         R978.00     R1650.00       NPNIHF          R 892.24    R1860.00     1:1.09612       0
                  ZAE000221842                               ZAE000246880




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 Wednesday, 12 July 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.

13 July 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: 13/07/2017 10:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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