Clarification- Class ILRP1 dividend and redemption

RNS Number : 4475Z

Investec PLC

14 March 2017

 

Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06 JSE share code: ILRP1 ISIN: ZAE000183216 JSE ordinary share code: INL NSX ordinary share code: IVD BSE ordinary share code: INVESTEC ISIN: ZAE000081949

Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code: INVP JSE share code: INP ISIN: GB00B17BBQ50

INVESTEC LIMITED

Clarification of the final preference share dividend and redemption announcement released on 28 February 2017

Class ILRP1 redeemable, cumulative non-participating preference shares ("Preference Shares") 

Further to the announcement that was released on 28 February 2017 regarding the Class ILRP1 Preference Shares, the relevant dates relating to the payment of the final dividend and the redemption have been amended to the following:

Last day to trade cum-dividend	Tuesday, 14 March 2017
Shares commence trading ex-dividend / Suspension date	Wednesday, 15 March 2017
Record date	Friday, 17 March 2017
Payment date	Monday, 20 March 2017

Termination date                                                                           Wednesday, 22 March 2017

Share certificates may not be dematerialised or rematerialised after Tuesday,
14 March 2017.

Additional information to take note of:

·      The Investec Limited company tax reference number: 9800/181/71/2

·      The issued class ILRP1 preference share capital of Investec Limited is 333 863 preference shares

·      The dividend paid by Investec Limited is subject to South African Dividend Tax (Dividend Tax) of 20% (subject to any available exemptions or reductions in terms of Double Tax Agreements  as legislated) equal to 250.24870 cents per share

·      The net dividend amounts to 1 000.99482 cents per preference share for shareholders liable to pay the Dividend Tax and 1 251.24352 cents per preference share for preference shareholders exempt from paying the dividend tax.

 

Salient features of the redemption of the 333 863 Preference Shares are listed below:

Issuer	Investec Limited
Instrument	Redeemable cumulative non-participating preference shares
Redemption date Number of shares redeemed Number of shares outstanding post this redemption	20 March 2017 333 863 Nil
JSE Share Code	ILRP1
ISIN	ZAE000183216

14 March 2017

Johannesburg

Sponsor:

Investec Bank Limited

 

END

 

 

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