For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240229:nRSc9612Ea&default-theme=true
RNS Number : 9612E Investec PLC 29 February 2024
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
ISIN: GB00B17BBQ50
JSE debt code: INLV
LEI: 2138007Z3U5GWDN3MY22
NSX share code: IVD
BSE share code: INVESTEC
ISIN: ZAE000081949
LEI: 213800CU7SM6O4UWOZ70
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES
OR THE DISTRICT OF COLUMBIA (INCLUDING PUERTO RICO, THE US VIRGIN ISLANDS,
GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS) OR IN OR
INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT
IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT (SEE "OFFER AND DISTRIBUTION
RESTRICTIONS" IN THE TENDER OFFER MEMORANDUM (AS DEFINED BELOW))
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.
29 February 2024
RESULTS ANNOUNCEMENT
Investec plc announces results of its Tender Offer for its £250,000,000 Fixed
Rate Reset Perpetual Additional Tier 1 Write Down Capital Securities
Investec plc (the "Company") announces herein the results of its invitation to
holders of its £250,000,000 Fixed Rate Reset Perpetual Additional Tier 1
Write Down Capital Securities (ISIN: XS1692045864) (the "Securities") to
tender such Securities for purchase by the Company for cash (the "Offer").
The Offer was made on the terms and subject to the conditions contained in a
tender offer memorandum dated 21 February 2024 (the "Tender Offer Memorandum")
prepared by the Company, and was subject to the offer restrictions set out in
the Tender Offer Memorandum. Capitalised terms used in this announcement but
not defined have the meanings given to them in the Tender Offer Memorandum.
New Financing Condition
The Company confirms that the New Financing Condition was satisfied on 28
February 2024.
Results of the Offer
The Expiration Deadline for the Offer was 4.00 p.m. (London time) on 28
February 2024. As at the Expiration Deadline, £141,892,000 in aggregate
principal amount of the Securities had been validly tendered for purchase
pursuant to the Offer.
The Company announces that it has decided to accept all valid tenders of
Securities for purchase pursuant to the Offer, with a Final Acceptance Amount
equal to £141,892,000.
A summary of the results of the Offer appears below:
Description of the Securities ISIN Purchase Price
Final Acceptance Amount
Fixed Rate Reset Perpetual Additional Tier 1 Write Down Capital Securities XS1692045864 99.00 per cent. £141,892,000
Settlement of the purchase of the relevant Securities pursuant to the Offer is
expected to take place on 1 March 2024, after which £108,108,000 in aggregate
principal amount of the Securities will remain outstanding.
Dealer Managers
Citigroup Global Markets Limited J.P. Morgan Securities plc
Citigroup Centre 25 Bank Street
33 Canada Square Canary Wharf
Canary Wharf London E14 5JP
London E14 5LB
Telephone: +44 20 7134 2468
Telephone: +44 20 7986 8969 Email: liability_management_EMEA@jpmorgan.com
Email: liabilitymanagement.europe@citi.com Attention: EMEA Liability Management Group
Attention: Liability Management Group
Lloyds Bank Corporate Markets plc
10 Gresham Street
London EC2V 7AE
Telephone: +44 207 158 1726 / 3939
Email: lbcmliabilitymanagement@lloydsbanking.com
Attention: Liability Management
The Tender Agent
Kroll Issuer Services Limited
The Shard
32 London Bridge Street
London SE1 9SG
Attention: Owen Morris
Telephone: +44 20 7704 0880
Email: investec@is.kroll.com
Website: https://deals.is.kroll.com/investec
This announcement is released by Investec plc and contains information that
qualified or may have qualified as inside information for the purposes of
Article 7 of Regulation (EU) 596/2014 ("MAR"), as it forms part of domestic
law of the United Kingdom by virtue of the European Union (Withdrawal) Act
2018, as amended ("UK MAR"), encompassing information relating to the Offer
described above. For the purposes of UK MAR and Article 2 of the binding
technical standards published by the FCA in relation to MAR as regards
Commission Implementing Regulation (EU) 2016/1055, this announcement is made
by David Miller, Company Secretary at Investec plc.
DISCLAIMER: This announcement must be read in conjunction with the Tender
Offer Memorandum. No offer or invitation to acquire any securities is being
made pursuant to this announcement. The distribution of this announcement and
the Tender Offer Memorandum in certain jurisdictions may be restricted by law.
Persons into whose possession this announcement and/or the Tender Offer
Memorandum come(s) are required by each of the Company, the Dealer Managers
and the Tender Agent to inform themselves about, and to observe, any such
restrictions.
Date: 29 February 2024
Sponsor: Investec Bank Limited
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 RTEFIFVAFRIAFIS