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

INVESTEC BANK LIMITED - SPIB10 - Expiry announcement

Release Date: 23/07/2019 11:02
Code(s): SPIB10     PDF:  
Wrap Text
SPIB10 - Expiry announcement



 Reference Index                      S&P500® Index

 Strike Price                         2163.78

 Expiry Date                          20 July 2021

 Early Exercise Date                  22 July 2019

 Cover Ratio                          1:1

 Call/Put                             Put

 Style                                Bermudan

 Issue Size                           5,015

 ISIN Code                            ZAE000222824

 JSE Code                             SPIB10

Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
the possible early option expiry on 22 July 2019 (see the related securities above).

The conditions for early exercise were fulfilled on 22 July 2019. The Put Strike Price of the Put exceeded the Final
Reference Price on the Expiry Date and hence the Put Option expired in the money. As a result thereof, at maturity, the
Holder will sell the Underlying Securities to the Issuer and the equivalent Put Strike Price of R14,500.00 per SPIB10 will
automatically accrue to the Holder via instruction through STRATE on 26 July 2019.

Holders that have elected and requested the Issuer to utilize the amount by which the put option is in the money, together
with the Underlying Securities, to reinvest into a quantity of new ESPs shall receive SPIB32 units to be listed on or before
20 September 2019. The Holders’ new positions in SPIB32 following the expiry of SPIB10 will be allocated by 26
September 2019.

Date: 23 July 2019

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

Copies of Warrant issue documentation can be located on:

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

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

Date: 23/07/2019 11:02:00
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.

Email this JSE Sens Item to a Friend.

Share This Story