Partial redemption of Class ILRP2 pref shares

RNS Number : 3188E

Investec PLC

17 October 2018

 

Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06 JSE share code: ILRP2 ISIN: ZAE000202990 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

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

INVESTEC LIMITED

Preference share partial redemption announcement

Class ILRP2 redeemable, cumulative, non-participating preference shares ("Preference Shares") 

Partial redemption of Preference Shares

Notice is hereby given that 21 293 Preference Shares will be redeemed on
22 October 2018 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 Applicable Pricing Supplement of the Preference Shares.

The early redemption will take place at an amount of 100 321.15962 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 October 2018 up to, but excluding,
22 October 2018, which amounts to 321.15962 cents per Preference Share.

Salient features of the redemption of the 21 293 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	22 October 2018 21 293 191 642
JSE Share Code	ILRP2
ISIN	ZAE000202990

Additional information to take note of:

·      The Investec Limited company tax reference number: 9800/181/71/2

·      The dividend paid by Investec Limited is subject to South African Dividend Tax (Dividend Tax) of 20% (subject to any available exemptions or reductions in terms of Double Tax Agreements  as legislated) equal to 64.23192 cents per share

·      The net dividend amounts to 256.92770 cents per preference share for shareholders liable to pay the Dividend Tax and 321.15962 cents per preference share for preference shareholders exempt from paying the Dividend Tax.

By order of the board

N van Wyk

Company Secretary

Investec Limited          

17 October 2018

Johannesburg

Sponsor: 

Investec Bank Limited        

 

END

 

 

MSCDMMMGNNZGRZG