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INVESTEC BANK LIMITED - ESPIB8 - Expiry announcement

Release Date: 12/11/2019 12:10
Code(s): ESPIB8     PDF:  
Wrap Text
ESPIB8 - Expiry announcement

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS – ESPIB8

 Share / Reference Index            S&P500® Index
 Initial Index Level                2,084.39
 Expiry Date                        11 November 2019
 Cover Ratio                        1:1
 Call/Put                           Put
 Style                              European
 Issue Size                         6,603
 I.S.I.N                            ZAE000218392
 JSE Code                           ESPIB8

Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their option expiry on 11 November 2019.

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 (R276.18) to the Issuer. The Issuer will sell the Holders Underlying
Securities for the Final Reference Amount (R14,621.88) and the proceeds, less the Premium (R14,345.70), will
automatically accrue to the Holder via instruction through STRATE on 15 November 2019.

Put Option Strike Price             R14,345.70
Final Reference Amount              R14,621.88
Premium                             R276.18
Last date to trade                  Monday, 11 November 2019
Suspension date                     Tuesday, 12 November 2019
Record date                         Thursday, 14 November 2019
Payment/Redemption Date             Friday, 15 November 2019
Termination date                    Monday, 18 November 2019


Date: 12 November 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: 12/11/2019 12:10:00
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