REG - Investec PLC - AGM Statement

InvestecAnnouncement

02/02/2024 14:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240202:nRSB9001Ba&default-theme=true

RNS Number : 9001B  Investec PLC  02 February 2024

 

 

 Investec Limited                                 Investec plc

 Incorporated in the Republic of South Africa     Incorporated in England and Wales

 Registration number 1925/002833/06               Registration number 3633621

 JSE share code: INL                              LSE share code: INVP

 JSE Hybrid code: INPR                            JSE share code: INP

 JSE debt code: INLV                              ISIN: GB00B17BBQ50

 NSX share code: IVD                              LEI: 2138007Z3U5GWDN3MY22

 BSE share code: INVESTEC

 ISIN: ZAE000081949

 LEI: 213800CU7SM6O4UWOZ70

 

Update statement with respect to votes received at the Annual General Meetings
("AGM") of Investec Limited and Investec plc (together the "Group")

 

As part of the dual listed company structure, Investec plc and Investec
Limited (together the "Investec Group") 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 Listing Rules of the Financial
Conduct Authority (the "FCA") and/or the JSE Listings Requirements.

 

The UK Corporate Governance Code requires companies to provide an update
within six months of a general meeting where more than 20% of shareholders
have voted against a resolution. This statement provides an update on our
shareholder engagement and the actions we are taking Accordingly, we advise of
the following:

 

At the AGM on 3 August 2023, resolution 34 (political donations), passed with
a less than 80% majority.

 

The Boards of Directors of Investec plc and Investec Limited (the "Board")
recognise that effective communication is integral in building stakeholder
value and are committed to providing meaningful, transparent, timely and
accurate financial and non-financial information to our stakeholders.  In
addition to formal, written communication, executive management and
non-executive board members continue to engage with our shareholders on a
regular basis.

 

In respect of the less than 80% vote received for authority to make political
donations and to incur political expenditure

 

As stated in the notices to the AGMs, Investec plc does not give any money for
political purposes in the UK, nor does it make any donations to UK political
organisations or incur UK political expenditure.  However, the definitions
of political donations and political expenditure used in the UK Companies Act
2006 ("UK Companies Act") are very wide. In line with UK market practice, the
authority was therefore requested only as a precautionary measure to ensure
that Investec plc and any company which is or becomes a subsidiary of Investec
plc does not inadvertently breach the relevant provisions of the UK Companies
Act.

 

Investec Limited will continue to support the deepening of democracy through
donations to independent organisations that support the Constitution of South
Africa and voter education. Going forward, Investec Limited will not make
donations to any political parties in South Africa.

 

 

 

For further information, please contact:

 

Mr David Miller

Investec plc

Company Secretary

+ 44 (0)20 7597 4000

 

Johannesburg and London

 

Date: 02 February 2024

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMLLLFBZLLLBBQ