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INVESTEC BANK LIMITED - ESPIB5 Delisting

Release Date: 23/08/2019 13:31
Code(s): ESPIB5     PDF:  
 
Wrap Text
ESPIB5 Delisting

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS – ESPIB5

 Share / Reference Index               S&P500® Index
 Initial Index Level                   1945.50
 Expiry Date                           22 Aug 2019
 Cover Ratio                           1:1
 Call/Put                              Put
 Style                                 European
 Issue Size                            3,150
 I.S.I.N                               ZAE000215778
 JSE Code                              ESPIB5

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

The Final Reference Price exceeded the Put Option Strike Price on the Expiry Date, the Put Option expired out of the
money and Holders are 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 28 August 2019.

Holders that have elected and requested the Issuer to utilize the Underlying Securities to reinvest into a quantity of new
ESPs shall receive one new SPIB32 to be listed on or before 20 September 2019 for every ESPIB5 held. The Holders’
new positions in SPIB32 following the expiry of ESPIB5 will be allocated by 26 September 2019.

Put Option Strike Price               R14,880.63
Final Reference Amount                R14,944.02
Premium                               R63.39
Last date to trade                    Tuesday, 20 August 2019
Suspension date                       Wednesday, 21 August 2019
Record date                           Friday, 23 August 2019
Payment/Redemption Date               Wednesday, 28 August 2019
Termination date                      Thursday, 29 August 2019

Date: 23 August 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: 23/08/2019 01:31:00
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