| Thu 14 Sep 2017, 15:15 | | INVESTEC BANK LIMITED - Imminent Expiry of BTIIHC and BVTIHC |
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BVTIHC BTIIHG 201709140037A
Imminent Expiry of BTIIHC and BVTIHC
INVESTEC BANK LIMITED
EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 14 SEPTEMBER 2017
Share British American Tobacco Plc
Strike Price R 568.00
Stop-Loss Level R 644.00
Expiry Date 29/09/2017
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 251,000
JSE Code BTIIHG
ISIN Code ZAE000232526
Share The Bidvest Group Limited
Strike Price R 117.00
Stop-Loss Level R 132.00
Expiry Date 29/09/2017
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 740,000
JSE Code BVTIHC
ISIN Code ZAE000227708
Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 29 September 2017 (see the related securities above).
1. Holders may choose to exercise and pay the Exercise Price (Strike Price) in order to receive the
underlying securities on or before 12:00 hours, one business day prior to the Expiry Date.
2. Should holders choose to expire the “Existing” HotEDS they should notify the Investec Equity Derivatives
Desk before 12:00 hours on Wednesday, 27 September 2017. The “Existing” HotEDS will expire at full
intrinsic value on the respective expiry date. A cash settlement amount representing the number of
HotEDS held on that date multiplied by the excess of the simple average of the Volume Weighted Average
Price (“VWAP”) of the Underlying Parcel over the two Business Days following the Expiry Date, over the
Exercise Price (Strike Price) will automatically accrue to the holder via instruction through STRATE.
3. Should holders not choose either option 1 or 2, Investec will make arrangement to buy-back the “Existing”
Hot EDS and sell the “New” Hot EDS. (The “New” Hot EDS, which will list on Friday, 22 September 2017).
This will be done on an optimal ratio basis, a cash distribution of any difference between the intrinsic value
inherent to the “Existing” Hot EDS and the “New” Hot EDS will accrue to the client.
Date: 14 September 2017
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: 14/09/2017 03:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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