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Automatic exercise of SCRIIA autocall notes
2024/04/29 10:10:00Download PDF Stock report
Automatic exercise of SCRIIA autocall notes INVESTEC BANK LIMITED Underlying Asset SCOR SE (Paris) Strike Price 2,712.72 Expiry Date 26 April 2027 Cover Ratio 1:1 Call/Put/Other Call Style Bermudan Issue Size 100 000 JSE Code SCRIIA ISIN Code ZAE000310538 AUTOMATIC EXERCISE OF SCRIIA AUTOCALL NOTES (AUTOCALLS) ON 26 April 2024 As announced on 12 April 2024, Investec Bank Limited, as Issuers of the above Autocall Notes ('Autocalls'), hereby notifies Holders of the automatic Exercise on 26 April 2024 (see the related securities above). On 26 April 2024 (the Valuation Date and Exercise Date), the conditions for Exercise were met, therefore Autocalls were Exercised and expired on 26 April 2024. The Holders are entitled to a Cash Settlement Amount determined as follows: Condition for Exercise Closing level of the Underlying Asset on 26 April 2024, multiplied by the Share Adjustment Factor, is greater than the Strike Price Date of announcement of whether the Monday, 29 April 2024, by 11h00 Condition for Exercise has been met Cash Settlement Amount R1,640.0000 Last date to trade Monday, April 29, 2024 Suspension date Tuesday, April 30, 2024 Record date Friday, May 3, 2024 Payment/Redemption Date Monday, May 6, 2024 Termination date Tuesday, May 7, 2024 Date: 29 April 2024 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 Date: 29-04-2024 10:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.