REG - Investec PLC - Directorate Change

InvestecAnnouncement

19/05/2022 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220519:nRSS9934La&default-theme=true

RNS Number : 9934L  Investec PLC  19 May 2022

 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

 NSX share code: IVD                              JSE share code: INP

 BSE share code: INVESTEC                         ISIN: GB00B17BBQ50

 ISIN: ZAE000081949                               LEI: 2138007Z3U5GWDN3MY22

 LEI: 213800CU7SM6O4UWOZ70

 

As part of the dual listed company structure, the boards of Investec plc and
Investec Limited (together the "Board") 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.

 

Accordingly, we advise of the following:

 

Non-Executive Director Changes

 

In accordance with Section 3.59 of the JSE Listings Requirements and Rule
9.6.11 of the FCA Listing Rules, the Board is pleased to announce the
appointment of Vanessa Olver as a non-executive director of the Board, with
effect from 18 May 2022.

 

Vanessa will also be appointed as a member of the Group's Audit Committees and
Board Risk and Capital Committee.

 

Vanessa has been identified as David Friedland's successor as Chair of the
Group's Board Risk and Capital Committee and will accordingly assume the role
when David stands down from the Board on 04 August 2022 having served as a
director for nine years.

 

Vanessa is an independent non-executive director of Investec Bank Limited
(IBL), the Group's South African Specialist Bank since May 2021. She has
substantial strategic, risk, financial services, governance, and technology
related experience, having held a number of senior executive roles, including
previously serving as Chief Enablement Officer (Rest of Africa) at Absa Group
Limited and Deputy Chief Executive Officer at Business Connexion Group.
Vanessa has also established Quantum Change (Pty) Limited, an advisory firm
which focusses on enabling strategic change within organisations. Save for
Vanessa's directorship of IBL, there are no further details required to be
disclosed by Rule 9.6.13 of the UK Listing Rules.

 

London and Johannesburg

 

Notes:

 

Current directorships:

 

Investec Bank Limited

 

About Investec

Investec partners with private, institutional, and corporate clients, offering
international banking, investments, and wealth management services in two
principal markets, South Africa, and the UK, as well as certain other
countries. The Group was established in 1974 and currently has approximately
8,300 employees.

 

In 2002, Investec implemented a dual listed company structure with listings on
the London and Johannesburg Stock Exchanges. In March 2020, the Group
successfully completed the demerger of Ninety One, which became separately
listed on 16 March 2020.

 

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  BOAAPMITMTIBBFT