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INVESTEC BANK LIMITED - Imminent expiry of ESPIBC

Release Date: 12/09/2017 15:39
Code(s): ESPIBC     PDF:  
 
Wrap Text
Imminent expiry of ESPIBC

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP)


 Share reference index                Euro stoxx 50 Index



 Strike Price                         3121.59
 Expiry Date                          26/09/17
 Cover Ratio                          1:1

 Call/Put                             Put
 Style                                European
 Issue Size                           26,265
 JSE Code                             ESPIBC
 ISIN                                 ZAE000189148


Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 26 September 2017 (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 29 September 2017.

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 29 September 2017.



Holders of ESPIBC will be notified on 27 September 2017.

12 September 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)

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