Result of AGM
Investec PLC
08 August 2003
8 August 2003
Investec plc
Investec plc Annual General Meeting - Investec Ltd Annual General Meeting
We advise the following results of the business conducted at the meetings of shareholders of Investec Ltd ('Ltd') and
Investec plc ('plc') both held on 7 August 2003.
The final proxy positions for each company is detailed in the Appendix. As required by the Dual Listed Company
Structure, a poll was conducted on each of the proposed resolutions. Because of the nature of that structure, the poll
results for each company on Joint Electorate Actions are identical.
The poll results were:
VOTES VOTES
RESOLUTION VOTES FOR AGAINST ABSTAIN RESULT
Ordinary Resolutions
Investec Limited
Ordinary Business :
Ordinary Resolutions
1 To receive and adopt
the audited financial
statements of Investec
Limited for the year
ended 31 March 2003
and the reports of the
directors and auditors
of Investec Limited 59,470,691 14,240 419,190 Carried
2 To determine, ratify
and approve the
remuneration of the
directors of Investec
Limited for the year
ended 31 March 2003 55, 970,369 2,527,807 1,405,945 Carried
3 To sanction the
interim dividend paid
by Investec Limited
for the six month
period ended
30 September 2002 59,482,411 2,520 419,190 Carried
4 To re-elect Bernard
Kantor as a director
of Investec Limited in
accordance with the
provisions of the
Articles of
Association of
Investec Limited 59,373,560 14,561 516,000 Carried
5 To re-elect Stephen
Koseff as a director
of Investec Limited in
accordance with the
provisions of the
Articles of
Association of
Investec Limited 59,373,560 14,561 516,000 Carried
6 To re-elect Donn
Edward Jowell as a
director of Investec
Limited in accordance
with the provisions of
the Articles of
Association of
Investec Limited 57,773,021 239,032 1,892,068 Carried
7 To re-elect Peter
Richard Suter Thomas
as a director of
Investec Limited in
accordance with the
provisions of the
Articles of
Association of
Investec Limited 57,015,015 239,032 2,650,074 Carried
8 To re-elect Haruko
Fukuda OBE, whose
appointment as a
director terminates at
the end of the Annual
General Meeting, as a
director of Investec
Limited in accordance
with the provisions of
the Articles of
Association of
Investec Limited 58,982,093 27,138 894,890 Carried
VOTES VOTES
RESOLUTION VOTES FOR AGAINST ABSTAIN RESULT
9 To re-elect Geoffrey
Michael Thomas Howe,
whose appointment as a
director terminates at
the end of the Annual
General Meeting, as a
director of Investec
Limited in accordance
with the provisions of
the Articles of
Association of
Investec Limited. 59,100,990 16,125 787,006 Carried
10 To reappoint Ernst &
Young CA(SA) and
KPMG Inc. as auditors
of Investec Limited
and to authorise the
directors of Investec
Limited to fix the
remuneration of the
auditors 59,482,291 2,640 419,190 Carried
Special Business :
Ordinary Resolutions
11 To place the
authorised but
unissued shares of
Investec Limited under
the control of the
directors of Investec
Limited 47,430,922 11,655,547 817,652 Carried
12 General authority to
issue shares in
Investec Limited for
cash 56,261,458 2,825,011 817,652 Carried
13 Amendment to the
maximum entitlement of
any participant to
acquire securities
under The Investec
Limited Security
Purchase and Option
Scheme 2002 Trust 58,386,816 667,347 849,958 Carried
14 Approval of trust deed
and rules of The
Investec Limited
Security Purchase
Scheme 2003 58,621,299 363,406 919,416 Carried
Special Business :
Special Resolution
15 Authority for
acquisition of own
shares by Investec
Limited 58,697,251 130,616 1,076,254 Carried
Investec plc
Ordinary Business :
Ordinary Resolutions
16 To receive and adopt
the audited financial
statements of Investec
plc for the year ended
31 March 2003 and the
reports of the
directors and auditors
of Investec plc 59,322,456 14,446 567,219 Carried
17 To approve the
Remuneration Report of
Investec plc for the
year ended
31 March 2003 52,305,663 3,179,123 4,419,335 Carried
18 To sanction the
interim dividend paid
by Investec plc for
the six month period
ended
30 September 2002 59,334,382 2,520 567,219 Carried
19 To declare a final
dividend on the
ordinary shares of
Investec plc for the
year ended
31 March 2003 59,334,382 2,520 567,219 Carried
20 To declare a final
dividend on the UK DAN
Share and the UK DAS
Share of Investec plc
for the year ended 31
March 2003 59,334,382 2,520 567,219 Carried
21 To re-elect Bernard
Kantor as a director
of Investec plc in
accordance with the
provisions of the
Articles of
Association of
Investec plc 59,225,531 14,561 664,029 Carried
22 To re-elect Stephen
Koseff as a director
of Investec plc in
accordance with the
provisions of the
Articles of
Association of
Investec plc 59,225,531 14,561 664,029 Carried
VOTES VOTES
RESOLUTION VOTES FOR AGAINST ABSTAIN RESULT
23 To re-elect Donn
Edward Jowell as a
director of Investec
plc in accordance with
the provisions of the
Articles of
Association of
Investec plc 54,790,375 238,132 4,875,614 Carried
24 To re-elect Peter
Richard Suter Thomas
as a director of
Investec plc in
accordance with the
provisions of the
Articles of
Association of
Investec plc 54,031,469 233,032 5,639,620 Carried
25 To re-elect Haruko
Fukuda OBE, whose
appointment as a
director terminates at
the end of the Annual
General Meeting, as a
director of Investec
plc in accordance with
the provisions of the
Articles of
Association of
Investec plc 58,845,778 15,424 1,042,919 Carried
26 To re-elect Geoffrey
Michael Thomas Howe,
whose appointment as a
director terminates at
the end of the Annual
General Meeting, as a
director of Investec
plc in accordance with
the provisions of the
Articles of
Association of
Investec plc 58,952,961 16,125 935,035 Carried
27 To re-appoint Ernst &
Young LLP as auditors
of Investec plc and to
authorise the
directors of Investec
plc to fix their
remuneration 59,334,262 2,640 567,219 Carried
Special Business :
Ordinary Resolutions
28 Investec plc Section 47,002,110 11,915,179 986,832 Carried
80 authority
Special Business:
Special Resolutions
29 Investec plc Section
89 disapplication 56,451,470 2,508,244 944,407 Carried
30 Authority for market
purchase of shares by
Investec plc 59,237,452 99,450 567,219 Carried
31 Amendment to Article
62.2(a) of the
Articles of
Association of
Investec plc 58,961,717 2,520 939,884 Carried
Richard John Vardy Selwyn Noik
Company Secretary Company Secretary
Investec plc Investec Limited
Appendix
Final Proxy Position
Limited plc
•To receive and adopt the audited
financial statements of Investec Limited
for the year ended 31 March 2003 and the
reports of the directors and auditors of
Investec Limited
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 17,075,486 41,683,224
•was to vote against the
resolution 0 14,240
•was to abstain on the
resolution 112,222 306,968
•may vote at the proxy's
discretion N/A 672,729
•To determine, ratify and approve the
remuneration of the directors of
Investec Limited for the year ended
31 March 2003
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,812,232 38,444,675
•was to vote against the
resolution 225,943 2,301,864
•was to abstain on the
resolution 149,533 1,256,412
•may vote at the proxy's
discretion N/A 674,210
Limited plc
•To sanction the interim dividend paid
by Investec Limited for the six month
period ended 30 September 2002
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 17,075,486 41,694,944
•was to vote against the
resolution 0 2,520
•was to abstain on the
resolution 112,222 306,968
•may vote at the proxy's
discretion N/A 672,729
•To re-elect Bernard Kantor as a
director of Investec Limited in
accordance with the provisions of the
Articles of Association of Investec
Limited
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 17,042,840 41,617,258
•was to vote against the
resolution 0 14,561
•was to abstain on the
resolution 144,868 371,132
•may vote at the proxy's
discretion N/A 674,210
Limited plc
•To re-elect Stephen Koseff as a
director of Investec Limited in
accordance with the provisions of the
Articles of Association of Investec
Limited
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 17,042,840 41,617,264
•was to vote against the
resolution 0 14,561
•was to abstain on the
resolution 144,868 371,132
•may vote at the proxy's
discretion N/A 674,204
•To re-elect Donn Edward Jowell as a
director of Investec Limited in
accordance with the provisions of the
Articles of Association of Investec
Limited
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 17,042,840 40,016,719
•was to vote against the
resolution 0 239,032
•was to abstain on the
resolution 144,868 1,747,200
•may vote at the proxy's
discretion N/A 674,210
Limited plc
•To re-elect Peter Richard Suter
Thomas as a director of Investec Limited
in accordance with the provisions of the
Articles of Association of Investec
Limited
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,934,917 39,366,636
•was to vote against the
resolution 0 239,032
•was to abstain on the
resolution 252,791 2,397,283
•may vote at the proxy's
discretion N/A 674,210
•To re-elect Haruko Fukuda OBE, whose
appointment as a director terminates at
the end of the Annual General Meeting,
as a director of Investec Limited in
accordance with the provisions of the
Articles of Association of Investec
Limited
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,934,917 41,333,714
•was to vote against the
resolution 0 27,138
•was to abstain on the
resolution 252,791 642,099
•may vote at the proxy's
discretion N/A 674,210
Limited plc
•To re-elect Geoffrey Michael Thomas
Howe, whose appointment as a director
terminates at the end of the Annual
General Meeting, as a director of
Investec Limited in accordance with the
provisions of the Articles of
Association of Investec Limited.
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,934,917 41,452,611
•was to vote against the
resolution 0 16,125
•was to abstain on the
resolution 252,791 534,215
•may vote at the proxy's
discretion N/A 674,210
•To reappoint Ernst & Young CA(SA) and
KPMG Inc. as auditors of Investec
Limited and to authorise the directors
of Investec Limited to fix the
remuneration of the auditors
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 17,075,486 41,694,661
•was to vote against the
resolution 0 2,640
•was to abstain on the
resolution 112,222 306,968
•may vote at the proxy's
discretion N/A 672,892
Limited plc
•To place the authorised but unissued
shares of Investec Limited under the
control of the directors of Investec
Limited
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 15,400,023 31,317,449
•was to vote against the
resolution 1,409,098 10,246,449
•was to abstain on the
resolution 378,587 439,065
•may vote at the proxy's
discretion N/A 674,198
•General authority to issue shares in
Investec Limited for cash
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 15,871,436 39,676,566
•was to vote against the
resolution 937,685 1,887,326
•was to abstain on the
resolution 378,587 674,204
•may vote at the proxy's
discretion N/A
Limited plc
•Amendment to the maximum entitlement
of any participant to acquire securities
under The Investec Limited Security
Purchase and Option Scheme 2002 Trust
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,731,078 40,942,276
•was to vote against the
resolution 45,397 621,950
•was to abstain on the
resolution 411,233 438,725
•may vote at the proxy's
discretion N/A 674,210
•Approval of trust deed and rules of
The Investec Limited Security Purchase
Scheme 2003
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,693,767 41,214,076
•was to vote against the
resolution 45,397 318,009
•was to abstain on the
resolution 448,544 470,872
•may vote at the proxy's
discretion N/A 674,204
Limited plc
•Authority for acquisition of own
shares by Investec Limited
•Total number of proxy votes
exercisable by all proxies validly
appointed 17,187,708 42,677,161
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 17,024,453 40,959,336
•was to vote against the
resolution 51,033 79,583
•was to abstain on the
resolution 112,222 964,032
•may vote at the proxy's
discretion N/A 674,210
•To receive and adopt the audited
financial statements of Investec plc for
the year ended 31 March 2003 and the
reports of the directors and auditors of
Investec plc
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,808,528 42,156,917
•was to vote against the
resolution 0 14,446
•was to abstain on the
resolution 379,180 188,039
•may vote at the proxy's
discretion N/A 317,759
Limited plc
•To approve the Remuneration Report of
Investec plc for the year ended
31 March 2003
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,537,034 35,410,143
•was to vote against the
resolution 222,892 2,956,231
•was to abstain on the
resolution 427,782 3,991,553
•may vote at the proxy's
discretion N/A 319,234
•To sanction the interim dividend paid
by Investec plc for the six month period
ended 30 September 2002
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,808,528 42,168,843
•was to vote against the
resolution 0 2,520
•was to abstain on the
resolution 379,180 188,039
•may vote at the proxy's
discretion N/A 317,759
Limited plc
•To declare a final dividend on the
ordinary shares of Investec plc for the
year ended 31 March 2003
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,808,528 42,168,843
•was to vote against the
resolution 0 2,520
•was to abstain on the
resolution 379,180 188,039
•may vote at the proxy's
discretion N/A 317,759
•To declare a final dividend on the UK
DAN Share and the UK DAS Share of
Investec plc for the year ended 31 March
2003
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,808,528 42,167,362
•was to vote against the
resolution 0 2,520
•was to abstain on the
resolution 379,180 188,039
•may vote at the proxy's
discretion N/A 319,240
Limited plc
•To re-elect Bernard Kantor as a
director of Investec plc in accordance
with the provisions of the Articles of
Association of Investec plc
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,775,882 42,091,180
•was to vote against the
resolution 0 14,561
•was to abstain on the
resolution 411,826 252,203
•may vote at the proxy's
discretion N/A 319,217
•To re-elect Stephen Koseff as a
director of Investec plc in accordance
with the provisions of the Articles of
Association of Investec plc
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,775,882 42,091,174
•was to vote against the
resolution 0 14,561
•was to abstain on the
resolution 411,826 252,203
•may vote at the proxy's
discretion N/A 319,223
Limited plc
•To re-elect Donn Edward Jowell as a
director of Investec plc in accordance
with the provisions of the Articles of
Association of Investec plc
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,775,882 37,656,018
•was to vote against the
resolution 0 238,132
•was to abstain on the
resolution 411,826 4,463,788
•may vote at the proxy's
discretion N/A 319,223
•To re-elect Peter Richard Suter
Thomas as a director of Investec plc in
accordance with the provisions of the
Articles of Association of Investec
plc
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,667,959 37,005,035
•was to vote against the
resolution 0 233,032
•was to abstain on the
resolution 519,749 5,119,871
•may vote at the proxy's
discretion N/A 319,223
Limited plc
•To re-elect Haruko Fukuda OBE, whose
appointment as a director terminates at
the end of the Annual General Meeting,
as a director of Investec plc in
accordance with the provisions of the
Articles of Association of Investec
plc
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,667,959 41,819,344
•was to vote against the
resolution 0 15,424
•was to abstain on the
resolution 519,749 523,170
•may vote at the proxy's
discretion N/A 319,223
•To re-elect Geoffrey Michael Thomas
Howe, whose appointment as a director
terminates at the end of the Annual
General Meeting, as a director of
Investec plc in accordance with the
provisions of the Articles of
Association of Investec plc
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,667,959 41,926,527
•was to vote against the
resolution 0 16,125
•was to abstain on the
resolution 519,749 415,286
•may vote at the proxy's
discretion N/A 319,223
Limited plc
•To re-appoint Ernst & Young LLP as
auditors of Investec plc and to
authorise the directors of Investec plc
to fix their remuneration
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,808,528 42,168,577
•was to vote against the
resolution 0 2,640
•was to abstain on the
resolution 379,180 188,039
•may vote at the proxy's
discretion N/A 317,905
•Investec plc Section 80 authority
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 15,156,934 31,486,706
•was to vote against the
resolution 1,373,938 10,541,241
•was to abstain on the
resolution 656,836 329,996
•may vote at the proxy's
discretion N/A 319,218
Limited plc
•Investec plc Section 89
disapplication
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 15,837,545 40,255,449
•was to vote against the
resolution 671,972 1,836,272
•was to abstain on the
resolution 678,191 266,216
•may vote at the proxy's
discretion N/A 319,224
•Authority for market purchase of
shares by Investec plc
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,808,528 42,103,094
•was to vote against the
resolution 0 66,804
•was to abstain on the
resolution 379,180 188,039
•may vote at the proxy's
discretion N/A 319,224
Limited plc
•Amendment to Article 62.2(a) of the
Articles of Association of
Investec plc
•Total number of proxy votes
exercisable by all proxies validly 17,187,708 42,677,161
appointed
•Total number of proxy votes in
respect of which the appointments
specified that the proxy-
•was to vote for the resolution 16,509,517 42,093,724
•was to vote against the
resolution 0 2520
•was to abstain on the
resolution 678,191 261,693
•may vote at the proxy's
discretion N/A 319,224
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