Odd-lot offer
Investec PLC
05 December 2005
5 December 2005
INVESTEC PLC
IMPLEMENTATION AND RESULTS OF THE ODD-LOT OFFER
This announcement is not for release, publication or distribution, in whole or
in part, in or into the United States, Canada, Australia or Japan
1. IMPLEMENTATION OF THE ODD-LOT OFFER
Investec Members are referred to the announcements made on 14, 18 and 22
November 2005 and are advised that Investec has elected to proceed with the
implementation of the Odd-lot Offer in respect of those Investec Members who had
an aggregate holding of less than 100 shares in Investec Limited or Investec plc
at the close of business on Friday, 2 December 2005 ('Odd-lot Holders'), and
accordingly the cautionary announcement is withdrawn.
2. RESULTS OF THE INVESTEC LIMITED ODD-LOT OFFER
2.1 The total number of Investec Limited Shares made available by those Odd-lot
Holders who elected to sell their Odd-lot holdings and by those who failed to
make an election and consequently were deemed to have sold their Odd-lot
holdings, is 285 010 Investec Limited Shares. These shares have been repurchased
by a subsidiary of Investec Limited at the Investec Limited Odd-lot Offer price.
2.2 Investec Limited Odd-lot Holders holding in aggregate 70 251 Investec
Limited Shares elected to retain their Odd-lot holdings.
3. RESULTS OF THE INVESTEC PLC ODD-LOT OFFER
3.1 The total number of Investec plc Shares made available by those Odd-lot
Holders who elected to sell their Odd-lot holdings and by those who failed to
make an election and consequently were deemed to have sold their Odd-lot
holdings, is 305 120 Investec plc Shares. These shares have been repurchased by
Investec plc at the Investec plc Odd-lot Offer price in respect of the Odd-lot
holdings recorded in the United Kingdom share register and the Investec plc
Odd-lot Offer price in respect of the Odd-lot holdings recorded in the South
African branch register, as the case may be.
3.2 Investec plc Odd-lot Holders holding in aggregate 57 798 Investec plc Shares
elected to retain their Odd-lot holdings.
4. CERTIFICATED INVESTEC ODD-LOT HOLDERS
Certificated Investec Odd-lot Holders who elected to sell their Odd-lot holdings
or who failed to make an election and who were therefore deemed to have sold
their Odd-lot holdings are reminded that in order for their payments in respect
of their sold Odd-lot holdings to be effected, they are required to surrender
their relevant documents of title in accordance with the instructions contained
in the Form of Surrender which accompanied the circular to Investec Members
issued on 20 October 2005.
Cheques will be posted on or about Monday, 5 December 2005 to those Investec
Odd-lot Holders who surrendered their relevant documents of title and which were
received by 12:00 (SA time) or 12:00 (UK time), as the case may be, on Friday,
2 December 2005. In the case of documents of title surrendered after Friday,
2 December 2005, cheques will be posted within five business days of receipt of
such documents of title.
Odd-lot Holders are reminded that their documents of title are no longer good
for delivery after Friday, 2 December 2005, and will have no value other than to
receive the proceeds of the sale of their Investec Shares.
Investec plc Odd-lot Holders who hold their shares via CREST are reminded that
they could only participate in the Odd-lot Offer if they rematerialised their
shares.
5. DEMATERIALISED INVESTEC ODD-LOT HOLDERS HOLDING INVESTEC SHARES THROUGH
STRATE
Any movement in the number of Investec Shares held and amounts receivable by an
Investec Odd-lot Holder as a result of the implementation of the Odd-lot Offer,
will be automatically updated in the Odd-lot Holder's account with their
respective CSDP or broker from Monday, 5 December 2005.
Enquiries:
+--------------------------------------+--------------------------------------+
|Investec plc | |
|Ursula Munitich +44 207 597 5546 | |
| | |
+--------------------------------------+--------------------------------------+
|Merrill Lynch International +44 207 |Merrill Lynch South Africa +27 11 305 |
|996 1000 |5555 |
|Peter Tracey |Paris Aposporis |
|Andrew Fairclough | |
| | |
+--------------------------------------+--------------------------------------+
|Citigate Dewe Rogerson +44 207 638 | |
|9571 | |
|Sara Batchelor | |
+--------------------------------------+--------------------------------------+
Merrill Lynch is acting for Investec and no one else in connection with the
Odd-lot Offer and will not regard any other person (whether or not a recipient
of this announcement) as its client in relation to the Odd-lot Offer and will
not be responsible for providing the protections afforded to its clients nor for
giving advice in relation to the Odd-lot Offer or any transaction or arrangement
referred to, or information contained in this announcement.
The Odd-lot Offer is not being made, directly or indirectly, in or into the
United States, Canada, Australia or Japan or any other jurisdiction where to do
so would constitute a violation of the laws of such jurisdiction. Odd-lot
Holders may not tender Investec Shares into the Odd-lot Offer by any means from
within the United States, Canada, Australia or Japan or any other jurisdiction
where to do so would constitute a violation of the laws of such jurisdiction.
The Odd-lot Offer is not being made, directly or indirectly, by use of the mails
or by any means or instrumentality (including without limitation, facsimile
transmission, telephone and the internet) of interstate or foreign commerce, or
any facility of a national securities exchange, of the United States, Canada,
Australia or Japan. Accordingly, copies of this announcement or any accompanying
documents are, subject to certain exceptions, not being, directly or indirectly,
mailed or otherwise distributed, forwarded or transmitted in, into or from the
United States. Any persons receiving such documents (including, without
limitation, custodians, nominees and trustees) should observe these restrictions
and should not, subject to certain exceptions, mail or otherwise distribute,
forward or transmit them in, into or from the United States or any other
jurisdiction where to do so would constitute a violation of the laws of such
jurisdiction, or use such means, instrumentality or facility in connection with
the Odd-lot Offer, and so doing may render invalid any related purported
acceptance of the Odd-lot Offer. Any persons (including, without limitation,
custodians, nominees and trustees) who would or otherwise intend to, or may have
a contractual or other legal obligation to, forward this announcement or any
accompanying documents to the United States should seek appropriate advice
before taking any action.
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