REG - Investec PLC - Investec Ltd Preference Share Repurchase Programme

InvestecAnnouncement

29/11/2022 09:30

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RNS Number : 8206H  Investec PLC  29 November 2022

 Investec Limited                               Investec plc

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

 Registration number 1925/002833/06             Registration number 03633621

 JSE share code: INL                            LSE share code: INVP

 JSE share code: INPR                           JSE share code: INP

 JSE debt code: INLV                            ISIN: GB00B17BBQ50

 NSX share code: IVD

 BSE share code: INVESTEC                       LEI: 2138007Z3U5GWDN3MY22

 ISIN: ZAE000081949

 ISIN: ZAE000063814

 LEI: 213800CU7SM6O4UWOZ70

 

 

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 Disclosure Guidance and
Transparency Rules and the Listing Rules of the United Kingdom Listing
Authority and/or the JSE Listings Requirements.

 

INVESTEC LIMITED non-redeemable, non-cumulative, non-participating preference shares ("preference shares") REPURCHASE PROGRAMME

 

Investec Limited (the "Company") hereby announces the commencement of a share
repurchase programme (the "Programme"), in compliance with paragraph 5.72 of
the JSE Listings requirements in terms of which the Company may repurchase up
to a maximum of 5% of the Preference Shares in issue as at the date of the
current general authority granted by shareholders. Repurchases of Preference
Shares in terms of the Programme will be made pursuant to and in accordance
with the general authority granted to the Company by its shareholders at the
Company's annual general meeting held on 4 August 2022.  The Company has
notified the Prudential Authority in writing of the repurchase of the
preference shares. No preference shares will be repurchased from directors of
the Company.

 

The Programme commences on 30 November 2022 at the opening of the market and
the Company will issue a further announcement once the programme has been
closed. Repurchases will be executed through the order book operated by the
JSE by the Company's authorised intermediary without any prior understanding
or arrangement between the Company and/or its subsidiaries and the
counterparties.  Repurchases will be effected within certain pre-determined
price limits with specific reference to the limits of the general authority
granted by the Company's shareholders and in compliance with the JSE's
Listings Requirements.

 

Preference shares repurchased under the Programme will be cancelled as issued
shares and will revert to authorised but unissued share capital status.

 

The Programme may be discontinued at any stage during the period concerned and
there is no obligation on the Company to purchase any preference shares during
the period.

 

Johannesburg

29 November 2022

 

Financial Advisor, Corporate Broker and JSE Sponsor

Investec Bank Limited

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