REG - Investec PLC - Investec Ltd: B-BBEE Annual Compliance Report

InvestecAnnouncement

26/08/2022 09:00

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RNS Number : 2675X  Investec PLC  26 August 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 ordinary share code: INL
LSE share code: INVP

 JSE Hybrid code: INPR                          JSE share code: INP

 JSE debt code: INLV                            ISIN: GB00B17BBQ50

 NSX ordinary share code: IVD                   LEI No: 2138007Z3U5GWDN3MY22

 BSE ordinary share code: INVESTEC

 ISIN: ZAE000081949

 LEI No: 213800CU7SM6O4UWOZ70

 

 

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

 

 

INVESTEC LIMITED ("THE COMPANY")

BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT ("THE ACT"): ANNUAL COMPLIANCE
REPORT

In accordance with paragraph 16.21 (g) and Appendix 1 to Section 11 of the JSE
Listing Requirements, notice is hereby given that the Company's annual
compliance report in terms of section 13G(2) of the Act has been published and
is available on Investec's website at www.investec.com
(https://www.investec.com/en_gb/welcome-to-investec/about-us/investor-relations/financial-information/group-financial-results.html)
.

 

Investec Limited has been rated a level 2 B-BBEE contributor for the financial
year ended 31 March 2022.  For the prior four years, the Company was rated a
level 1 B-BBEE contributor.  The reason for the drop in the rating is that
the Financial Sector Transformation Council (FSTC) has declined the Company's
application for exemption from the access provisions (financial inclusion)
contained in the Financial Sector Code.  Given Investec's business model, the
Company has been granted this exemption since 2006.  Investec is engaging
with the FSTC to resolve the matter.

 

 

By order of the board

 

 

 

N van Wyk

Company Secretary

Investec Limited

 

26 August 2022

Johannesburg

 

Sponsor:

Investec Bank Limited

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