Rensburg Fund Management Limi

RNS Number : 3671W

Investec PLC

18 November 2010

 



Investec plc 

Incorporated in England and Wales

Registration number 3633621

JSE share code: INP

ISIN: GB00B17BBQ50

Investec plc ("Investec")

Rensburg Fund Management Limited

Further to the announcement on 07 July 2010, Investec announces that it has entered into an agreement for the sale of Rensburg Fund Management Limited to Franklin Templeton Global Investors Limited (UK), a subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment management organisation operating as Franklin Templeton Investments, for a cash consideration of GBP45 million payable at completion. The transaction is subject to obtaining regulatory approval and is expected to complete in early 2011. 

For further information please contact:

Investec

Ursula Nobrega                       [phone] (mobile)

Citigate Dewe Rogerson

Tom Baldock                           [phone]

Fenchurch Advisory Partners

Graham Marchant                   [phone]

Vincent Bounie                        [phone]

About Rensburg Fund Management Limited

Rensburg Fund Management Limited is a fund management company specialising in UK equity investments. Based in Leeds, Rensburg Fund Management Limited offers a comprehensive range of 6 unit trusts and had approximately GBP880 million of unit trust assets under management as at 01 November 2010

About Investec

Investec is an international specialist bank and asset manager that provides a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia as well as certain other countries. The group was established in 1974 and currently has approximately 6,600 permanent employees. Investec focuses on delivering distinctive profitable solutions for its clients in six core areas of activity namely, Asset Management, Wealth and Investment, Property Activities, Private Banking, Investment Banking and Capital Markets. In July 2002 the Investec group implemented a dual listed company structure with listings on the London and Johannesburg Stock Exchanges.

 

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