REG - Investec PLC - Result of AGM
07/08/2025 15:01
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RNS Number : 4726U Investec PLC 07 August 2025
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
Results of Annual General Meetings of Investec Limited and Investec plc
(the AGMs) and confirmation of Directorate Change
As part of the dual listed company structure, Investec plc and Investec
Limited (jointly Investec) notify both the London Stock Exchange and the JSE
Limited (JSE) of matters which are required to be disclosed under the
Disclosure Guidance and Transparency Rules, and Listing Rules of the Financial
Conduct Authority (FCA) and/or the JSE Listings Requirements.
Accordingly, we advise that the AGMs were held on 07 August 2025. As
required by the dual listed company structure, all resolutions were treated as
Joint Electorate Actions and were decided on a poll. All resolutions at both
meetings were passed by the required majority. Resolutions 1 to 14, 16 to 22
and 27 to 32 were passed as ordinary resolutions. Resolutions 23 to 26 and
resolutions 33 and 34 were passed as special resolutions.
The voting results of the Joint Electorate Actions are identical and are given
below:
Resolution Votes For % of Votes Cast Votes Against % of Votes Cast Total Votes Cast Total Votes Cast as a % of the Ordinary Shares in Issue Votes Withheld Votes Withheld as a % of the Ordinary Shares in Issue
Common Business: Investec plc and Investec Limited
1 Election of Vivek Ahuja 723 206 829 99,95% 354 927 0,05% 723 561 756 80,88% 283 135 0,03%
2 Re-election of Henrietta Baldock 722 620 468 99,87% 942 255 0,13% 723 562 723 80,88% 282 168 0,03%
3 Re-election of Philip Hourquebie 698 492 123 96,54% 25 070 911 3,46% 723 563 034 80,88% 281 857 0,03%
4 Re-election of Stephen Koseff 707 264 844 97,75% 16 298 227 2,25% 723 563 071 80,88% 281 820 0,03%
5 Re-election of Nicky Newton-King 718 932 725 99,36% 4 630 588 0,64% 723 563 313 80,88% 281 578 0,03%
6 Re-election of Jasandra Nyker 722 992 294 99,92% 570 790 0,08% 723 563 084 80,88% 281 807 0,03%
7 Re-election of Vanessa Olver 722 914 722 99,91% 648 593 0,09% 723 563 315 80,88% 281 576 0,03%
8 Re-election of Diane Radley 703 202 045 97,19% 20 361 159 2,81% 723 563 204 80,88% 281 687 0,03%
9 Re-election of Nishlan Samujh 719 200 708 99,40% 4 362 137 0,60% 723 562 845 80,88% 282 046 0,03%
10 Re-election of Fani Titi 720 862 416 99,63% 2 701 377 0,37% 723 563 793 80,88% 281 098 0,03%
11 Approval of the DLC directors' remuneration report for the year ended 31 March 672 124 278 92,89% 51 432 220 7,11% 723 556 498 80,88% 288 393 0,03%
2025
12 Approval of the DLC directors' remuneration policy 644 639 260 89,09% 78 917 561 10,91% 723 556 821 80,88% 288 070 0,03%
13 Election of the DLC Social and Ethics Committee 666 910 165 92,17% 56 651 486 7,83% 723 561 651 80,88% 283 240 0,03%
14 Authority to take action in respect of the resolutions 723 552 885 100,00% 10 028 0,00% 723 562 913 80,88% 281 978 0,03%
Ordinary business: Investec Limited
15 Presentation of the audited financial statements for the year ended 31 March Non-voting
2025
16 Sanction of the interim dividend paid on the ordinary shares 723 302 779 99,98% 155 164 0,02% 723 457 943 80,87% 386 948 0,04%
17 Sanction of the interim dividend paid on the SA DAS share 723 301 489 99,98% 154 255 0,02% 723 455 744 80,87% 389 147 0,04%
18 Approval of the final dividend on the ordinary shares and the SA DAS share 723 560 813 100,00% 2 374 0,00% 723 563 187 80,88% 281 704 0,03%
19 Appointment of PWC Inc. as joint auditors 722 693 125 99,90% 703 317 0,10% 723 396 442 80,86% 448 449 0,05%
20 Appointment of Deloitte Inc. as joint auditors 708 222 396 97,90% 15 173 805 2,10% 723 396 201 80,86% 448 690 0,05%
Special business: Investec Limited
21 Authority to issue the unissued variable rate, redeemable, cumulative 717 201 010 99,23% 5 582 382 0,77% 722 783 392 80,79% 293 739 0,03%
preference shares; the unissued non-redeemable, non-cumulative, non-
participating preference shares (perpetual preference shares); the unissued
non- redeemable, non-cumulative, non-participating preference shares
(non-redeemable programme preference shares); and the redeemable,
non-participating preference shares (redeemable programme preference shares)
22 Authority to issue the unissued special convertible redeemable preference 716 268 175 99,23% 6 525 618 0,77% 722 793 793 80,80% 283 338 0,03%
shares
23 Authority to acquire ordinary shares 701 240 268 99,10% 21 032 410 0,90% 722 272 678 80,74% 804 453 0,09%
24 Authority to acquire any redeemable, non-participating preference shares and 717 717 983 97,09% 4 554 464 2,91% 722 272 447 80,74% 804 684 0,09%
non-redeemable, non-cumulative, non-participating preference shares
25 Financial assistance 704 769 602 99,37% 18 021 160 0,63% 722 790 762 80,80% 286 369 0,03%
26 Approval of the non-executive directors' remuneration 710 764 806 97,51% 12 019 875 2,49% 722 784 681 80,79% 292 302 0,03%
Ordinary Business: Investec plc
27 Receive the audited financial statements for the year ended 31 March 2025 714 320 290 98,34% 1 281 135 1,66% 715 601 425 79,99% 7 475 706 0,84%
28 Sanction of the interim dividend paid on the ordinary shares 718 261 195 99,82% 157 063 0,18% 718 418 258 80,31% 4 658 873 0,52%
29 Approval of the final dividend on the ordinary shares 718 521 286 99,98% 4 052 0,02% 718 525 338 80,32% 4 551 793 0,51%
30 Appointment of Deloitte LLP as auditor 707 597 248 100,00% 10 764 224 0,00% 718 361 472 80,30% 4 715 659 0,53%
31 Authority for the Investec plc Audit Committee to set the remuneration of the 718 778 520 98,50% 513 497 1,50% 719 292 017 80,40% 4 552 874 0,51%
company's auditors
Special Business: Investec plc
32 Authority to allot shares and other securities 680 670 066 94,63% 38 622 128 5,37% 719 292 194 80,40% 4 552 697 0,51%
33 Authority to purchase ordinary shares 717 751 598 99,86% 1 017 047 0,14% 718 768 645 80,35% 5 076 246 0,57%
34 Authority to purchase preference shares 716 291 406 94,63% 2 477 239 0,34% 718 768 645 80,35% 5 076 246 0,57%
Other information
As at the date of the AGMs, Investec plc's issued capital consists of
696 082 618 ordinary shares of GBP0.0002 each (PLC Ordinary Shares). Of
these, 50 920 311 PLC Ordinary Shares are held exclusive of voting rights in
Treasury at the date of this announcement and therefore the total number of
voting rights in Investec plc is 645 162 307. Investec Limited's issued
capital consists of 295 125 806 ordinary shares of ZAR0.0002 each (LTD
Ordinary Shares). Of these, no LTD Ordinary Shares are held in Treasury and
the total number of voting rights in Investec Limited is 295 125 806 LTD
Ordinary Shares.
In accordance with the dual listed companies' structure, the aggregate number
of voting rights which therefore may be exercised at the AGMs was
940 288 113.
Votes withheld are not votes in law and have not been counted in the
calculation of the proportion of votes 'for' or 'against' a resolution. Proxy
appointments which gave discretion to the Chair have been included in the
'for' total.
Submission of Resolutions passed at the AGMs
Copies of all resolutions passed as special business at the AGMs held on 07
August 2025, pursuant to Listing Rule 9.6.2, will be submitted to the National
Storage Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)
Non-Executive Director Change
In accordance with paragraph 3.59 of the JSE Listings Requirements, paragraph
6.42 of the Debt and Specialist Securities Listings Requirements and Rule
9.6.11 of the FCA Listing Rules, and as previously announced on
30 June 2025, Investec confirms that Brian Stevenson retired as a
non-executive director of Investec Limited and Investec plc at the close of
the AGMs. Brian's insights, experience, and commitment have been of immense
value to the Boards and the broader Group. The Boards would like to take this
opportunity to thank Brian for his contributions and wishes him well in his
future endeavours.
David
Miller
Niki van Wyk
Company Secretary
Company Secretary
Investec plc
Investec Limited
Johannesburg and London
Date: 07 August 2025
Sponsor: Investec Bank Limited
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