| Tue 27 May 2014, 14:05 | | INVESTEC BANK LIMITED - First expiry announcement -ESPIBQ |
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ESPIBQ 201405270036A
First expiry announcement -ESPIBQ
INVESTEC BANK LIMITED
EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP)
Share The FTSE/JSE Top 40 Index
Strike Price 28338.17
Expiry Date 09/06/2014
Cover Ratio 10:1
Call/Put Put
Style European
Issue Size 10,900
JSE Code ESPIBQ ZAE000153276
Investec Bank Limited (?Investec?), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 9 June 2014 (see the related securities above).
In the event that the Put Strike Price of the Put exceeds the Final Reference Price on the Expiry Date, the Put Option
will be automatically exercised and the Holders will sell the Holder Underlying Securities to the Issuer, and the Put
Strike Price will automatically accrue to the Holder via instruction through STRATE on 24 June 2014.
In the event that the Final Reference Price exceeds the Put Strike Price on the Expiry Date the Put Option shall expire
out of the money, and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell so many of the
Holder Underlying Securities required to settle the Premium and the Holder will then be entitled to delivery of the
balance of the Holder Underlying Securities, through STRATE on 24 June 2014.
Each Holder may elect and request the Issuer to utilize the abovementioned settlement amount to reinvest into a new
quantity of ESPs (?the new ESP?). The terms and conditions of the new ESP series will be governed by a new Pricing
Supplement. Investec will, if so elected by the Holder, settle any amount due to Holder pursuant to the expiry of the
existing ESPs by allocation of new ESPs which will be listed on 24 June 2014.
Holders of ESPIBQ will be notified on Wednesday, 11 June 2014, and to the extent applicable, the number of new
ESPs that will be allocated per each ESPIBQ.
Date: 27 May 2014
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.: 011 286-4672
E-mail: warrants@investec.co.za
Internet: www.investec.com
Sponsor
Investec Securities (Pty) Ltd
Member of the JSE
Registration number. 1972/008905/07)
Date: 27/05/2014 02:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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