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INVESTEC BANK LIMITED - Expiry BTIIHG and BVTIHC

Release Date: 02/10/2017 14:15
Code(s): BTIIHG BVTIHC     PDF:  
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Expiry BTIIHG and BVTIHC

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
British American      BTIIHG        R278.42      R 568.00       BTIIHH         R253.71      R627.00      1:1.0974       0
  Tobacco Plc      ZAE000232526                              ZAE000250197

  The Bidvest         BVTIHC         R55.66      R117.00        BVTIHD          R53.68      R126.00      1:1.0368       0
 Group Limited     ZAE000227708                              ZAE000250205


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 Friday, 29 September 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.

02 October 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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