Investec Ltd Preference Share Repurchase Programme

RNS Number : 8206H
Investec PLC
29 November 2022
 

Investec Limited

Incorporated in the Republic of South Africa

Registration number 1925/002833/06

JSE share code: INL

JSE share code: INPR

JSE debt code: INLV

NSX share code: IVD

BSE share code: INVESTEC

ISIN: ZAE000081949

ISIN: ZAE000063814

LEI: 213800CU7SM6O4UWOZ70

 

Investec plc

Incorporated in England and Wales

Registration number 03633621

LSE share code: INVP

JSE share code: INP

ISIN: GB00B17BBQ50

 

LEI: 2138007Z3U5GWDN3MY22

 

 

As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority and/or the JSE Listings Requirements.

 

INVESTEC LIMITED non-redeemable, non-cumulative, non-participating preference shares ("preference shares") REPURCHASE PROGRAMME

 

Investec Limited (the "Company") hereby announces the commencement of a share repurchase programme (the "Programme"), in compliance with paragraph 5.72 of the JSE Listings requirements in terms of which the Company may repurchase up to a maximum of 5% of the Preference Shares in issue as at the date of the current general authority granted by shareholders. Repurchases of Preference Shares in terms of the Programme will be made pursuant to and in accordance with the general authority granted to the Company by its shareholders at the Company's annual general meeting held on 4 August 2022.   The Company has notified the Prudential Authority in writing of the repurchase of the preference shares. No preference shares will be repurchased from directors of the Company.

 

The Programme commences on 30 November 2022 at the opening of the market and the Company will issue a further announcement once the programme has been closed. Repurchases will be executed through the order book operated by the JSE by the Company's authorised intermediary without any prior understanding or arrangement between the Company and/or its subsidiaries and the counterparties.   Repurchases will be effected within certain pre-determined price limits with specific reference to the limits of the general authority granted by the Company's shareholders and in compliance with the JSE's Listings Requirements.

 

Preference shares repurchased under the Programme will be cancelled as issued shares and will revert to authorised but unissued share capital status.

 

The Programme may be discontinued at any stage during the period concerned and there is no obligation on the Company to purchase any preference shares during the period.

 

Johannesburg

29 November 2022

 

Financial Advisor, Corporate Broker and JSE Sponsor

Investec Bank Limited

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