Investec plc - JSE listing of preference shares

RNS Number : 9547C

Investec PLC

15 March 2011

 



Investec plc

(Incorporated in England and Wales)

(Registration number 3633621)

Share code: INP   ISIN: GB00B17BBQ50

("Investec plc" or "the Company")

Rand denominated non-redeemable, non-cumulative, non-participating perpetual preference shares (the "Rand perpetual preference shares")

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

Accordingly we advise of the following announcement released in accordance with the JSE Listings Requirements:

We refer to our SENS announcement dated 07 March 2011 relating to the issue of Rand perpetual preference shares by way of a private placement.

Following the negative interpretation by some market commentators on the proposed taxation of certain dividends, as announced by the Minister of Finance in the February 2011 Budget regarding the closure of certain dividend schemes, Investec plc has decided to delay the listing of the Rand perpetual preference shares on the JSE Limited until greater clarity has been obtained in this regard.

Sandton

15 March 2011

Lead Sponsor

KPMG Inc

Investment Bank and Sponsor

Investec Bank Limited

 

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