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INVESTEC BANK LIMITED - Rebate Notice - BTIIHH

Release Date: 27/02/2018 10:21
Code(s): BTIIHH     PDF:  
Wrap Text
Rebate Notice - BTIIHH

INVESTEC BANK LIMITED
NOTICE OF REBATE FOR HOT ENHANCED DIVIDEND BTIIHH

Share                                             British American Tobacco Plc



Strike Price                                      R627.00
Stop-Loss Level                                   R710.00
Expiry Date                                       2018/08/31
Cover Ratio                                       1:1

Call/Put                                          Call
Style                                             American
Issue Size                                        179 000
JSE Code                                          BTIIHH
ISIN Code                                         ZAE000250197



Investec Bank Limited, as Issuers of the BTIIHH Hot Enhanced Dividend Security (HOTEDs), advised holders that
due to the breach of the stop loss level of R710.00 in the Underlying Share, as of close of business on Thursday,
22 February 2018 the abovementioned HOTED was terminated.

The Rebate Payment, represented by the number of HOTEDs held on the termination date, multiplied by the
excess of the simple average of the Volume Weighted Average Price (“VWAP”) of the Underlying Share over the
two Business Days following the Termination Date over the Exercise Price (Strike Price) of R627.00. This amount
will automatically accrue to holders via instruction through STRATE.

The VWAP on 23 February 2018 = R713.7879
The VWAP on 26 February 2018 = R724.2602
The simple average of the 2 day VWAP = R719.0241

Holders will receive R9.0241 for every warrant held.

27 February 2018

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.co.za

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

Date: 27/02/2018 10:21:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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