| Fri 22 Jul 2011, 16:18 | | INVS - INVESTEC BANK LIMITED - Adjustment to the terms and conditions of ESPIBQ |
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JSE ESPIBQ
INVS
INVS - INVESTEC BANK LIMITED - Adjustment to the terms and conditions of ESPIBQ
INVESTEC BANK LIMITED
ADJUSTMENT TO THE TERMS AND CONDITIONS OF ESPIBQ - ZAE000153276
Investec Equity Structured Products
Further to the announcement dated 7 July 2011,as a result of the demerger of
Mpact Limited (previously Mondi Packaging South Africa Limited)("MPT") by Mondi
Limited to the ordinary shareholders of Mondi Limited ("MND") corporate action
("the Demerger"), the conversion of Mondi Limited ordinary shares and Mondi
Limited Special converting shares with a par value of R0.20 per share to shares
of no par value ("the Conversion") and the consolidation of the Mondi Limited
Ordinary Shares ("the Consolidation") as set out in set out in their
announcement made on the 31 May 2011, MND will:
1. replace the existing Mondi Limited ordinary shares with new Mondi Limited
ordinary shares to be listed on 1 August 2011, with new ISIN code
ZAE000156550 and same JSE code ("New MND"), at the Consolidation Ratio
which was determined such that each MND shareholder will receive 0.80540
New MND share in exchange for every 1 existing MND share held on the
Consolidation record date, being Friday 5 August 2011.
The Salient Dates in respect of the Conversion and Consolidation are as
follows:
Last day to trade in existing MND shares: Friday, 29 July 2011
New MND shares listed and commence trading: Monday, 1 August 2011
Record Date: Friday, 5 August 2011
Conversion and Consolidation effected on: Monday, 8 August 2011
The "Holder Underlying Securities" per Specified Amount of ESPIBQ, and the
Annexures to the 16th Supplement, will therefore be adjusted accordingly to
replace the existing MND shares with the New MND shares at the Consolidation
Ratio, effective from Monday 8 August 2011.
Save as set out herein, the Holders rights are not affected by the Demerger,
Conversion or Consolidation.
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: 22/07/2011 16:18:02 Produced by the JSE SENS Department.
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