Try our mobile app

Automatic exercise of ELVIIB autocall notes

Published: 2023-09-05 10:35:34 ET
<<<  go to JSE:INP company page
INVESTEC BANK LIMITED


 Underlying Asset                   Euronext® CDP Environment World EW Decrement 5%

 Strike Price                       1278.05

 Expiry Date                        04 September 2025

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         69 401

 JSE Code                           ELVIIB

 ISIN Code                          ZAE000290938


         AUTOMATIC EXERCISE OF ELVIIB AUTOCALL NOTES (AUTOCALLS) ON 04 September 2023

As announced on 18 August 2023, Investec Bank Limited, as Issuers of the above Autocall Notes (“Autocalls”), hereby
notifies Holders of the automatic Exercise on 04 September 2023 (see the related securities above).

On 04 September 2023 (the Valuation Date and Exercise Date), the conditions for Exercise were met, therefore Autocalls
were Exercised and expired on 04 September 2023. The Holders are entitled to a Cash Settlement Amount determined
as follows:

 Condition for Exercise                   Closing level of the Underlying Asset on 04 September 2023 is greater than
                                          the Strike Price.

 Date of announcement of whether          Tuesday, September 05, 2023, by 11h00
 the Condition for Exercise has
 been met


 Cash Settlement Amount                   R 1,303.0000

 Last date to trade                       Tuesday, September 05, 2023

 Suspension date                          Wednesday, September 06, 2023

 Record date                              Friday, September 08, 2023

 Payment/Redemption Date                  Monday, September 11, 2023

 Termination date                         Tuesday, September 12, 2023


Date: 05 September 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