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INVESTEC BANK LIMITED - Imminent expiry of CFRIHF

Release Date: 09/10/2017 10:40
Code(s): CFRIHF     PDF:  
Wrap Text
Imminent expiry of CFRIHF

INVESTEC BANK LIMITED

EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 20 OCTOBER 2017



Share                                  Compagnie Financiere Richemont SA

Strike Price                           R 69.00
Stop-Loss Level                        R 79.00
Expiry Date                            20/10/2017
Cover Ratio                            1:1
Call/Put                               Call
Style                                  American
Issue Size                             1,955,000
JSE Code                               CFRIHF
ISIN Code                              ZAE000232534


Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
amends the Sens announcement that released on Friday, 06 October in relation to the imminent option expiry
occurring on 20 October 2017 (see the related securities above) in the following respect:

1.             Holders may choose to exercise and pay the Exercise Price (Strike Price) in order to receive the
               underlying securities on or before 12:00 hours, one business day prior to the Expiry Date.

2.             The “Existing” HotEDS will expire at full intrinsic value on the respective expiry date. A cash settlement
               amount representing the number of HotEDS held on that date multiplied by the excess of the simple
               average of the Volume Weighted Average Price (“VWAP”) of the Underlying Parcel over the two Business
               Days following the Expiry Date, over the Exercise Price (Strike Price) will automatically accrue to the holder
               via instruction through STRATE.


Date: 09 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)

Date: 09/10/2017 10:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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