Acknowledgement: Ninety One's Admission to Trading

RNS Number : 1882G

Investec PLC

16 March 2020

 

Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06 JSE share code: INL NSX share code: IVD BSE share code: INVESTEC ISIN: ZAE000081949

Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code: INVP JSE share code: INP ISIN: GB00B17BBQ50

16 March 2020

NOT FOR RELEASE, publication or DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

As part of the dual-listed company structure, Investec plc and Investec Limited (together, "Investec") notify both the LSE and the JSE of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules and Listing Rules of the FCA and/or the JSE Listing Requirements.

Investec plc, Investec Limited

Demerger Update and Acknowledgement of Ninety One's Announcement of Admission to Trading on the London Stock Exchange and the Johannesburg Stock Exchange

Further to the shareholder circular published by Investec on 29 November 2019 relating to the proposed demerger and public listing of Investec's global asset management business (the "Circular"), the announcement by Investec on 10 February 2020 confirming the results of the General Meetings of Investec and the Court Meeting of Investec plc and the announcement by Investec on 5 March 2020 confirming that the Scheme had been sanctioned by the Court, Investec today announces the completion of the Demerger, which took effect at 7.00 p.m. (London time) on Friday, 13 March 2020.

Investec also acknowledges the announcement made by Ninety One today confirming Ninety One's admission to trading on the LSE and the JSE.

Fani Titi, CEO of Investec, commented:

"Today marks a significant step in our evolution. The rationale behind the demerger was to simplify and focus both Investec and Ninety One. As Investec, we remain fully focused on achieving sustainable, long-term growth for the benefit of our clients, shareholders and stakeholders. We also wish our former colleagues at Ninety One all of the very best."

Capitalised terms used in this announcement have the meaning given to them in the Circular.

Enquiries:

Investor Relations Carly Newton [e-mail] [phone]
UK Sponsor and Financial Adviser
J.P. Morgan Cazenove [phone]
JSE Sponsor
J.P. Morgan Equities South Africa Proprietary Limited [phone]
Financial Adviser
Fenchurch Advisory Partners LLP [phone]
Media Enquiries
Investec Group PR Advisers Lansons (UK) Tom Baldock [phone] | [phone] [e-mail] Brunswick (South Africa) Graeme Coetzee [phone] | [phone] [e-mail]

FORWARD-LOOKING STATEMENTS

This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect Investec's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Investec Group or Ninety One business, results of operations, financial position, liquidity, prospects, growth and strategies. Forward-looking statements speak only as of the date they are made. Investec expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement or any other forward-looking statements they may make whether as a result of new information, future developments or otherwise.  

IMPORTANT INFORMATION

This announcement is not an offer to sell, or a solicitation of an offer to purchase, securities in the United States or in any other jurisdiction.

The securities to which these materials relate have not been, and will not be, registered under the US Securities Act of 1933 (the "US Securities Act"), or under the securities laws of any state or other jurisdiction of the United States. Accordingly, they may not be offered, sold, resold, delivered, distributed or otherwise transferred, directly or indirectly, in or into the United States absent registration under the US Securities Act or an exemption therefrom.

 

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