Rensburg Fund Management Limi

RNS Number : 9164O

Investec PLC

07 July 2010

 



Investec plc 

Incorporated in England and Wales

Registration number 3633621

JSE share code: INP

ISIN: GB00B17BBQ50

Investec plc ("Investec")

Rensburg Fund Management Limited

Following completion of the acquisition of Rensburg Sheppards plc ("Rensburg") on 25 June 2010, Investec plc announces that it has received a number of expressions of interest from potential acquirers for Rensburg Fund Management Limited ("RFM"), Rensburg's fund management subsidiary.  The Board of Investec has therefore, appointed Fenchurch Advisory Partners to advise on strategic options for RFM.

As part of the strategic review, Fenchurch will assess and test the appetite from third parties for acquiring RFM through a structured process.  Fenchurch will also consider the prospects for the continued growth of the business under its existing ownership structure.

There can be no certainty that this strategic review will result in a transaction or an offer being made for RFM. However, any transaction would have regard to the best interests of all stakeholders of RFM, including its clients and employees.  

For further information please contact:

Investec

Ursula Nobrega  (Investor Relations)         [phone] (mobile)

Fenchurch Advisory Partners                  [phone]

Graham Marchant

Vincent Bounie

About Rensburg Fund Management

Rensburg Fund Management is a fund management company specialising in UK equity investments. Based in Leeds, it offers a comprehensive range of 6 unit trusts with £0.8 billion under management as at 31 May 2010.

About the Investec Group

The Investec Group (comprising Investec Limited and Investec plc) is an international specialist bank and asset manager that provides a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia as well as certain other countries. The group was established in 1974 and currently has approximately 5,900 permanent employees.

The group focuses on delivering distinctive profitable solutions for its clients in six core areas of activity namely, Asset Management, Private Wealth, Property Activities, Private Banking, Investment Banking and Capital Markets.

In July 2002 the Investec group implemented a dual listed company structure with listings on the London and Johannesburg Stock Exchanges.

 

END

 

 

MSCLLFEVDSIRIII