Investec Limited Class ILRP 1 Preference Share

RNS Number : 0488Y

Investec PLC

28 February 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

Final preference share dividend and redemption announcement

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

Notice is hereby given that 333 863 Preference Shares, constituting all the issued preference shares in this class, will be redeemed on 20 March 2017, pursuant to clause 24 of the Applicable Pricing Supplement of the Preference Shares.

The redemption will take place at an amount of 101 251.24352 cents per  Preference Share being a return of capital of 100 000 cents per Preference Share plus accrued dividends in respect of the period from and including 01 January 2017 to and  including,
19 March 2017, which amounts to 1 251.24352 cents per Preference Share.

Declaration of final dividend

The final preference dividend has been declared from income reserves for the period
01 January 2017 to 19 March 2017 amounting to a gross preference dividend of 1 251.24352 cents per share payable to holders of the Class ILRP1 redeemable non-participating preference shares as recorded in the books of the company at the close of business on Friday, 17 March 2017.

The relevant dates relating to the payment of the final dividend and the redemption are as follows:

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

Share certificates may not be dematerialised or rematerialised between Wednesday,
15 March 2017 and Friday, 17 March 2017, both dates inclusive.

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

28 February 2017

Johannesburg

Sponsor:

Investec Bank Limited

 

END

 

 

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