Investec PLC
23 March 2006
Investec Limited Investec plc
Incorporated in the Republic of South Incorporated in England and Wales
Africa Registration number 3633621
Registration number 1925/002833/06 JSE share code: INP
JSE share code: INL ISIN: GB0031773103
ISIN: ZAE000040531
Investec plc and Investec Limited ('Investec' or 'the group')
Pre-close statement and investor briefing
23 March 2006
Strong performance from all divisions in the second half of the financial year
Positive outlook across all divisions
Investec is today hosting an investor pre-close briefing which will focus on
developments within the group's core business areas in the second half of the
current financial year ending 31st March 2006.
Operating fundamentals across the group have continued the positive trends seen
in the first half and as reported at the interim results announcement on 17th
November 2005. The group has seen stronger performances from the majority of its
businesses in the second half of the financial year.
Stephen Koseff, Group Chief Executive, commented:
'Although the year has not yet ended, we have had a good second half so far and
are on track to deliver a very strong performance for the financial year. We are
not only benefiting from favourable financial market conditions but more
importantly from increased brand recognition and penetration in our core
activities and geographies. We maintain a positive outlook across all our
businesses.'
Bernard Kantor, Group Managing Director, commented:
'We continue to grow strongly and are on track to outperform our financial
targets and objectives. We are delighted with the quality of our business flows
and we remain committed to delivering value for all our stakeholders.'
Presentation details
The briefing starts at 11:00 (GMT) (13:00 South African time) and will be
broadcast live via video conference from the group's offices in Johannesburg to
London. The briefing will also be available via a live and recorded telephone
conference call and a delayed webcast. Further details in this regard can be
found on the website at: www.investec.com
Investor Relations timetable :
Financial year-end: 31 March 2006
Release of preliminary results: 18 May 2006
For further information please contact:
Investec Investor Relations UK: Citigate Dewe Rogerson SA: Beachhead Media
Ursula Nobrega (Munitich) Sara Batchelor or Simon Rigby Jennifer Cohen
+44 (0) 207 597 5546 +44 (0) 207 282 2847 +27 (0) 11 214 2400
+27 (0) 11 286 7184
investorrelations@investec.com
About Investec
Investec is an international specialist banking group 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 4 400 employees.
Investec focuses on delivering distinctive profitable solutions for its clients
in five core areas of activity namely, Private Client Activities, Treasury and
Specialised Finance, Investment Banking, Asset Management and Property
Activities.
In July 2002 the Investec group implemented a dual listed company structure with
listings on the London and Johannesburg Stock Exchanges. Management and staff
own approximately 16% of the equity share capital of the group. The combined
group's current market capitalisation is approximately £3.5 billion.
At 30 September 2005, total shareholders' equity was £1 389 million, third party
assets under management were £46 billion and total assets were £20 billion
(including loans and advances of £7.9 billion).
This information is provided by RNS
The company news service from the London Stock Exchange
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