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Notification of adjustment event – FNIB08
INVESTEC BANK LIMITED
(Incorporated in the republic of South Africa)
(registration number: 1969/004763/06)
NOTIFICATION OF ADJUSTMENT EVENT – FNIB08
Underlying Asset Share Weight (equally Initial Share Price
weighted) (ZAR cents)
The Foschini Group Ltd 1/14 15,509
Pepkor Holdings Ltd 1/14 2,374
OUTsurance Group Ltd 1/14 5,845
Mr Price Group Ltd 1/14 26,444
Shoprite Holdings Ltd 1/14 30,492
The Bidvest Group Ltd 1/14 28,646
Truworths International Ltd 1/14 10,841
Woolworths Holdings Ltd 1/14 6,537
Clicks Group Ltd 1/14 39,778
Sanlam Ltd 1/14 8,866
FirstRand Ltd 1/14 8,622
Vodacom Group Ltd 1/14 11,444
Standard Bank Group Ltd 1/14 24,986
Nedbank Group Ltd 1/14 30,277
Expiry Date 30 September 2044
Reset Date 29 September 2027
Cover Ratio 1:1
Call/Put/Other Call
Style Bermudan
Issue Size 100,000
JSE Code FNIB08
ISIN Code ZAE000339982
On 17 September 2024, OUTsurance Group Limited declared a special dividend of 40.0 cents per ordinary share,
payable out of income reserves, subject to South African Reserve Bank approval. Furthermore, on 1 October 2024,
shareholders were advised that South African Reserve Bank approval has been obtained and that the salient dates in
respect of the special dividend remain unchanged.
The salient dates in respect of the special dividend is as follows:
- Finalisation date for the special dividend will be Tuesday, 8 October 2024.
- Last day to trade in order to participate in this dividend will be Tuesday, 15 October 2024.
- Shares commence trading ex-dividend on Wednesday, 16 October 2024.
- The record date for the dividend payment will be Friday, 18 October 2024.
- Dividend payment date will be on Monday, 21 October 2024.
Treatment:
Note holders are advised that the Initial Share Price for OUTsurance Group Ltd will be adjusted to account for the
abovementioned special dividend. The Adjusted Initial Share Price for OUTsurance Group Ltd is determined by Investec
Bank Ltd in their capacity as calculating agent.
Calculation:
Cents Calculation
Closing Price of OUTsurance Group Ltd on 15 October 2024 6,115 A
Regular Dividend 113 B
Special Dividend 40 C
Closing Price after Regular Dividend 6,001.8 (A-B)
Closing Price less Regular Dividend and Special Dividend 5,961.8 (A-B-C)
Adjustment Factor 0.993335 (A-B-C) / (A-B)
Initial Share Price prior to adjustment 5,845 D
Adjusted Initial Share Price 5,806 D x Adjustment Factor
Effective date:
The ZAR adjustment amount shall be applied to each FNIB08 note, effective 21 October 2024.
Date: 18 October 2024
Copies of Warrant issue documentation can be located on:
Internet: www.investecwarrants.com
For further information kindly contact:
Investec Financial Products
Tel.: +27 11 286 9663
E-mail: FPRetail@investec.co.za
Sponsor:
Investec Bank Limited
Date: 18-10-2024 09:33:00
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