To view the PDF file, sign up for a MySharenet subscription.

INVESTEC BANK LIMITED - ESPIBY - Expiry announcement

Release Date: 25/04/2019 15:17
Code(s): ESPIBY     PDF:  
Wrap Text
ESPIBY - Expiry announcement

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS – ESPIBY

 Share/ Reference Index              S&P500® Index
 Strike Price                        2099.20
 Expiry Date                         06 May 2019
 Cover Ratio                         1:1
 Call/Put                            Put
 Style                               European
 Issue Size                          11,218
 JSE Code                            ESPIBY
 I.S.I.N                             ZAE000212064
 JSE Code                            ESPIBY

Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 06 May 2019 (see the related securities above).

In the event that the Put Strike Price of the Put exceeds the Final Reference Price on the Expiry Date, the Put Option
will be automatically exercised, the Holders will sell the Holder Underlying Securities to the Issuer and the Put Strike
Price will automatically accrue to the Holder via instruction through STRATE on 13 May 2019.

In the event that the Final Reference Price exceeds the Put Strike Price on the Expiry Date the Put Option shall expire
out of the money and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell the Holders Underlying
Securities for the Final Reference Amount and the proceeds, less the Premium, will automatically accrue to the Holder
via instruction through STRATE on 13 May 2019. Holders who wish to receive delivery of the remaining Underlying
Securities will need to inform Investec Bank in writing by close of business on the 03 May 2019.

Each Holder may elect and request to reinvest into a new quantity of ESPs (“the new ESP”). The terms and conditions
of the new ESP series will be governed by a new Pricing Supplement. Investec will, if so elected by the Holder, settle
any amount due to Holder pursuant to the expiry of the existing ESPs by allocation of new ESPs which will be listed on
or before 21 June 2019. Holders of ESPIBY will be notified on 7 May 2019 and to the extent applicable, the number of
new ESPs that will be allocated per each ESPIBY.


Date: 25 April 2019

Copies of the offering circular may be obtained from:
        Investec Bank Limited
        100 Grayston Drive
        Sandown
        Sandton
        2196

Copies of Warrant issue documentation can be located on:
        Internet: www.investecwarrants.com

Place and Date of Incorporation of the Issuer:
        Incorporated in the Republic of South Africa
        Registration Number: 1969/004763/06
        Date of Incorporation: 31 March 1969

For further information kindly contact:
         Investec Financial Products
         Tel.: +27 11 286 9663
         E-mail: FPRetail@investec.co.za
Sponsor
          Investec Securities (Pty) Ltd
          Member of the JSE
          Registration number. 1972/008905/07)

Date: 25/04/2019 03:17:00 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.

Share This Story