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INVESTEC BANK LIMITED - BVTIHD - Expiry Announcement

Release Date: 18/09/2018 10:32
Code(s): BVTIHD     PDF:  
 
Wrap Text
BVTIHD - Expiry Announcement

INVESTEC BANK LIMITED

UPCOMING EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES



Share                              The Bidvest Group Limited

Strike Price                       R126.00
Stop-Loss Level                    R 143.00
Expiry Date                        2018/09/28
Cover Ratio                        1:1
Call/Put                           Call
Style                              American
Issue Size                         306 000
JSE Code                           BVTIHD
ISIN Code                          ZAE000250205


Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 28 September 2018 (see the related securities above).

Holders may 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.

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: 18 September 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.com

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

Date: 18/09/2018 10:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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