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INVESTEC BANK LIMITED - SPIB11 - Expiry Announcement

03 December 2019 - 10:14 AM
SPIB11
SPIB11 - Expiry Announcement

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS  SPIB11

 Share/ Reference Index              The Sasfin Global Equity Basket
 Strike Price                        271.83
 Expiry Date                         17 December 2019
 Cover Ratio                         1:1
 Call/Put                            Put
 Style                               European
 Issue Size                          4,511
 JSE Code                            SPIB11
 I.S.I.N                             ZAE000221404
 JSE Code                            SPIB11

Investec Bank Limited (Investec), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 17 December 2019 (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, 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 23 December 2019.

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 the Holders Underlying
Securities for the Final Reference Amount and the proceeds, less the Premium, will automatically accrue to the Holder
via instruction through STRATE on 23 December 2019. Holders who wish to receive delivery of the remaining Underlying
Securities will need to inform Investec Bank in writing by close of business on 12 December 2019.

 Last date to trade                                       Tuesday, 17 December 2019
 Date of announcement of Put Option Strike Price          Tuesday, 17 December 2019 by 11h00
 Suspension date                                          Wednesday, 18 August 2019
 Record Date                                              Friday, 20 December 2019
 Payment/Redemption Date                                  Monday, 23 December 2019
 Termination Date                                         Tuesday, 24 December 2019

Date: 03 December 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: 03-12-2019 11:14:00
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