REG - Investec PLC - Early Redemption of AT1 Securities

InvestecAnnouncement

05/11/2024 11:00

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RNS Number : 9853K  Investec PLC  05 November 2024

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 Listing Rules of the United
Kingdom Financial Conduct Authority and/or the JSE Listing Requirements.

INVESTEC PLC

£250,000,000 Fixed Rate Reset Perpetual Additional Tier 1 Write Down Capital
Securities (ISIN: XS1692045864) (the "Securities"), of which £108,108,000 in
aggregate principal amount is currently outstanding

5 November 2024

Announcement of early redemption

Investec plc (the "Issuer") today gave notice to the holders of the
outstanding Securities that, pursuant to Condition 7(c) of the terms and
conditions of the Securities (the "Conditions") set out in Schedule 2 to the
trust deed dated 5 October 2017 (the "Trust Deed") between the Issuer and
Deutsche Trustee Company Limited (the "Trustee"), the Issuer has exercised its
option to redeem all of the outstanding Securities on the First Reset Date of
5 December 2024 (the "Redemption Date") at their principal amount together
with accrued and unpaid interest thereon to (but excluding) the Redemption
Date.

Payment in respect of the Securities will be made through Euroclear Bank SA/NV
and Clearstream Banking, S.A., in accordance with their standard procedures.

Pursuant to Condition 7(b)(i) and (ii), if the Solvency Condition is not
satisfied on the Redemption Date, or prior to the Redemption Date a Trigger
Event Notice is given, the redemption notice shall automatically be rescinded
and shall be of no force and effect.

Unless otherwise defined herein, defined terms used have the meanings given to
them in the Trust Deed and/or the Conditions.

The listing of the Securities on the Official List of the Financial Conduct
Authority and the admission of the Securities to trading on the Main Market of
the London Stock Exchange plc will be cancelled on, or shortly after, the
Redemption Date.

FURTHER INFORMATION

For further information, please contact:

Derek Lloyd

E-mail: Derek.Lloyd@investec.com

Telephone: +442075974000

 

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