Investec Ltd - ILRP2: Final Dividend & Redemption
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Investec Limited ISIN: ZAE000202990 JSE ordinary share code: INL NSX ordinary share code: IVD BSE ordinary share code: INVESTEC ISIN: ZAE000081949 |
Investec plc JSE share code: INP |
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, Transparency Rules and Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.
INVESTEC LIMITED
Final preference share dividend and redemption announcement
Class ILRP2 redeemable, cumulative, non-participating preference shares ("Preference Shares")
Notice is hereby given that 191 642 Preference Shares, constituting all the issued preference shares in this class, will be redeemed on 25 March 2019, pursuant to clause 24 of the Applicable Pricing Supplement of the Preference Shares.
The redemption will take place at an amount of 101 300.41450 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 2019 to and including, 24 March 2019, which amounts to 1300.41450 cents per Preference Share.
Salient features of the redemption of the 191 642 Preference Shares are listed below:
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Issuer |
Investec Limited |
|
Instrument |
Redeemable, cumulative, non-participating Preference Shares |
|
Redemption date Number of shares redeemed Number of shares outstanding post this redemption |
25 March 2019 191 642 Nil |
|
JSE Share Code |
ILRP2 |
|
ISIN |
ZAE000202990 |
Declaration of final dividend
The final preference dividend has been declared from income reserves for the period 01 January 2019 to 24 March 2019 amounting to a gross preference dividend of 1300.41450 cents per share payable to holders of the Class ILRP2 redeemable, cumulative, non-participating preference shares as recorded in the books of the company at the close of business on Friday, 22 March 2019.
The relevant dates relating to the payment of the final dividend and the redemption are as follows:
|
Last day to trade cum-dividend |
Monday, 18 March 2019 |
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Shares commence trading ex-dividend / cancellation date |
Tuesday, 19 March 2019 |
|
Record date |
Friday, 22 March 2019 |
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Payment date |
Monday, 25 March 2019 |
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Termination Date |
Tuesday, 26 March 2019 |
Share certificates may not be dematerialised or rematerialised after Monday,
18 March 2019.
Additional information to take note of:
· The Investec Limited company tax reference number: 9800/181/71/2
· The issued class ILRP2 preference share capital of Investec Limited is 191 642 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 260.08290 cents per share
· The net dividend amounts to 1040.33160 cents per preference share for shareholders liable to pay the Dividend Tax and 1300.41450 cents per preference share for preference shareholders exempt from paying the dividend tax.
By order of the board
N van Wyk
Company Secretary
Investec Limited
04 March 2019
Johannesburg
Sponsor:
Investec Bank Limited
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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