RMHIDD - Investec Bank Limited - Adjustment to the terms and conditions of
JSE RMHIDD
INVS
RMHIDD - Investec Bank Limited - Adjustment to the terms and conditions of
RMHIDD
INVESTEC BANK LIMITED
ADJUSTMENT TO THE TERMS AND CONDITIONS OF RMHIDD ZAE000152401
As a result of the RMB Holdings Limited ("RMBH") corporate action, RMBH will,
subject to the fulfilment of the condition precedent set out in their
announcement made on the 15 December 2010 and revised on 26 January 2011,
unbundle the Rand Merchant Insurance Holdings Limited ("RMI") ordinary shares to
be listed on 7 March 2011 to shareholders in the ratio of 1 RMI share for every
1 RMBH ordinary share held on the record date, 11 March 2011.
As a result of the RMBH corporate action, an adjustment to the Terms and
Conditions of RMHIDD may be required in order to leave RMHIDD Holders with the
same financial position as prior to the unbundling, should such unbundling
potentially cause RMHIDD to barrier. Should no adjustment be necessary, the RMI
ordinary shares will be distributed to Holders of RMHIDD accordingly.
Holders of RMHIDD will be notified on Friday, 4 March 2011 of the adjustment to
the Terms and Conditions, if any, and the action to be taken by the Issuer.
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.: 0860 103 343
E-mail: warrants@investec.co.za
Internet: www.investec.com
Sponsor
Investec Securities Limited
Member of the JSE
(Registration number. 1972/008905/06)
Date: 25/02/2011 11:23:01 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
