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INVESTEC BANK LIMITED - MTNIHN - Breached Barrier

Release Date: 28/06/2018 10:28
Code(s): MTNIHN     PDF:  
Wrap Text
MTNIHN - Breached Barrier

INVESTEC BANK LIMITED
NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND MNTIHN

Share                              MTN Group Limited



Strike Price                       R94.00
Stop-Loss Level                    R106.00
Expiry Date                        2018/09/08
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         1 949 000
JSE Code                           MTNIHN
ISIN Code                          ZAE000249082



Investec Bank Limited, as Issuers of the MTNIHN Hot Enhanced Dividend Security (HOTEDs), would like to advise
Holders that due to the breach of the stop loss level of R106.00 in the Underlying Share, as of Wednesday, 27
June 2018 the abovementioned HOTED has been terminated.

Holders are now entitled to receive 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 R94.00. This amount will automatically accrue to holders via instruction through STRATE.

28 June 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: 28/06/2018 10:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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