Directorate Change

RNS Number : 3012L

Investec PLC

08 August 2013

 



Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06       JSE share code: INL              ISIN: ZAE000081949

Investec plc Incorporated in England and Wales Registration number 3633621 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, 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 plc and Investec Limited (the "Group") - Directorate change

Further to an announcement of the 31^st January 2013 (the "Announcement"), Sam Abrahams has stepped down from his position as non-executive director of Investec plc and Investec Limited, and as Chairman of the Group's Audit Committees with effect from the conclusion of the 2013 Annual General Meetings held on 08 August 2013.

At the same time, as noted in the Announcement confirming his appointment as a non-executive director and member of the Group's Audit Committees, David Friedland will assume the role of Chairman of the Group's Audit Committees.

As Chairman on the Group's Audit Committees, Sam has played a pivotal role over a period characterised by a much changed regulatory and financial landscape and the whole Board thanks him for his contribution to the Board and the Group's Audit Committee. The Board also wishes David well in his new role as Chairman of the Group's Audit Committee.

For further information please contact:

Investec Investor Relations                                                                            

Ursula Nobrega                                                                    

[phone]               

[e-mail]

London and Johannesburg

08 August 2013

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 8 000 employees.

Investec focuses on delivering distinctive profitable solutions for its clients in three core areas of activity namely, Asset Management, Wealth & Investment and Specialist Banking.

In July 2002 the Investec Group implemented a dual listed company structure with listings on the London and Johannesburg Stock Exchanges. The combined Group's current market capitalisation is approximately GBP3.7bn.

 

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