Investec Ltd Preference share partial redemption

RNS Number : 1535Y

Investec PLC

04 September 2015

 



Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06 JSE Share Code: ILRP1 ISIN: ZAE000183216 JSE ordinary share code: INL NSX ordinary share code: IVD BSE ordinary 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

(jointly "Investec")

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, Transparency and Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.

Accordingly, we advise of the following:

INVESTEC LIMITED

Preference share partial redemption announcement

Class ILRP1 redeemable, cumulative non-participating preference shares ("Preference Shares") 

Partial redemption of Preference Shares

Notice is hereby given that 54 456 Preference Shares will be redeemed on 11 September 2015 pursuant to a bespoke offer that was made by Investec Limited to a specific preference shareholder, which offer was accepted by such shareholder, in accordance with clause 46 of the Amended and Restated Applicable Pricing Supplement of the Preference Shares.

The early redemption will take place at an amount of 101 038.49928 cents per  Preference Share being a return of capital of 100 000 cents per Preference Share plus accrued dividends in respect of the period from and including 01 July 2015 to, but excluding, 11 September 2015, which amounts to 1 038.49928 cents per Preference Share.

Salient features of the redemption of the 54 456 Preference Shares are listed below:

Issuer		Investec Limited
Instrument		Redeemable cumulative non-participating preference shares
Early Redemption date Number of shares redeemed Number of shares outstanding post this early redemption		11 September 2015 54 456 353 863
JSE Share Code		ILRP1
ISIN		ZAE000183216

04 September 2015

Johannesburg

Sponsor:

Investec Bank Limited

 

END

 

 

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