Correction to plc pref share dividend declaration

RNS Number : 6643N

Investec PLC

21 May 2020

 

Investec plc

Incorporated in England and Wales

Registration number: 3633621

Share code: INPP

ISIN: GB00B19RX541

LEI: 2138007Z3U5GWDN3MY22

Correction to the Preference share dividend announcement

Non-redeemable non-cumulative non-participating preference shares ("preference shares")

Further to the dividend declaration announcement released at 0700am UK time on Thursday, 21 May 2020 we confirm that the net dividend payable to those preference shareholders recorded on the South African branch register liable to South African dividend tax was incorrectly stated as being 149.00000 cents per preference share. The correct amount is 149.98918 cents per preference share, as reflected in the correct declaration set out below.

Declaration of dividend number 28

Notice is hereby given that preference dividend number 28 has been declared by the Board from income reserves for the period 01 October 2019 to 31 March 2020 amounting to a gross preference dividend of 8.432877 pence per preference share payable to holders of the non-redeemable non-cumulative non- participating preference shares as recorded in the books of the company at the close of business on Friday, 05 June 2020.

For shares trading on the Johannesburg Stock Exchange (JSE), the dividend of 8.432877 pence per preference share is equivalent to a gross dividend of 187.48647 cents per share, which has been determined using the Rand/Pound Sterling average buy/sell forward rate as at 11h00 (SA time) on Wednesday, 20 May 2020.

The relevant dates relating to the payment of dividend number 28 are as follows:
Last day to trade cum-dividend
On the Johannesburg Stock Exchange (JSE)	Tuesday, 02 June 2020
On the International Stock Exchange (TISE)	Wednesday, 03 June 2020

Shares commence trading ex-dividend
On the Johannesburg Stock Exchange (JSE)	Wednesday, 03 June 2020
On the International Stock Exchange (TISE)	Thursday, 04 June 2020

Record date (on the JSE and TISE)	Friday, 05 June 2020
Payment date (on the JSE and TISE)	Monday, 15 June 2020

Share certificates may not be dematerialised or rematerialised between Wednesday, 03 June 2020 and Friday, 05 June 2020, both dates inclusive, nor may transfers between the United Kingdom share register and the South African branch register take place between Wednesday, 03 June 2020 and Friday, 05 June 2020, both dates inclusive.

Additional information for South African resident shareholders of Investec plc

· Investec plc United Kingdom tax reference number:2683967322360

· The issued preference share capital of Investec plc is 2 754 587preference shares

· ThedividendpaidbyInvestecplctoshareholdersrecordedontheSouthAfricanbranchregisteris subject to South African Dividend Tax (Dividend Tax) of 20% (subject to any available exemptions as legislated)

· Thenetdividendamountsto149.98918 centsperpreferenceshareforpreferenceshareholders liabletopaytheDividendTaxand187.48647centsperpreferenceshareforpreference shareholders exempt from paying the DividendTax.

By order of the board

D Miller

Company Secretary

21 May 2020

 

END

 

 

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