Try our mobile app

Potential automatic exercise of IMBIIE autocall notes

Published: 2023-02-27 17:07:23 ET
<<<  go to JSE:INP company page
INVESTEC BANK LIMITED


 Underlying Asset                   Imperial Brands PLC (London)

 Initial Asset Price                1554.75

 Expiry Date                        11 March 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         100 000

 JSE Code                           IMBIIE

 ISIN Code                          ZAE000309142


    POTENTIAL AUTOMATIC EXERCISE OF IMBIIE AUTOCALL NOTES (AUTOCALLS) ON 13 MARCH 2023

Investec Bank Limited, as Issuers of the above Autocall Notes (“Autocalls”), hereby notifies Holders of the potential
automatic Exercise on 13 March 2023 (see the related securities above). If the conditions for Exercise are fulfilled the
Autocalls will be automatically Exercised on 13 March 2023.

 Condition for Exercise                   Closing level of the Underlying Asset on 13 March 2023, multiplied by the
                                          Share Adjustment Factor, is greater than the Initial Asset Price

 Date of announcement of whether          Tuesday, 14 March 2023, by 11h00
 the Condition for Exercise has
 been met


Salient information should the Condition for Exercise be met:

 Cash Settlement Amount                   R1,495.0000

 Last date to trade                       Tuesday, 14 March 2023

 Suspension date                          Wednesday, 15 March 2023

 Record date                              Friday, 17 March 2023

 Payment/Redemption Date                  Monday, 20 March 2023

 Termination date                         Wednesday, 22 March 2023



Date: 27 February 2023

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 Bank Limited
        Member of the JSE
        Registration Number: 1969/004763/06