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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Investec Plc | LSE:INVP | London | Ordinary Share | GB00B17BBQ50 | ORD GBP0.0002 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.50 | 0.70% | 505.00 | 504.50 | 505.50 | 509.00 | 502.00 | 509.00 | 100,886 | 09:56:19 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 1.3B | 292.79M | 0.3267 | 15.50 | 4.54B |
TIDMINVP
RNS Number : 6782N
Investec PLC
10 August 2017
Investec Limited Investec plc Incorporated in the Republic Incorporated in England of South Africa and Wales Registration number 1925/002833/06 Registration number 3633621 JSE ordinary share code: LSE share code: INVP INL JSE share code: INP NSX ordinary share code: ISIN: GB00B17BBQ50 IVD BSE ordinary share code: INVESTEC ISIN: ZAE000081949
(jointly "Investec")
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 and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.
Accordingly we advise of the following:
Results of Annual General Meetings of Investec Limited and Investec plc
(the "Shareholder Meetings")
The Shareholder Meetings were held on 10 August 2017. As required by the dual listed company structure, all resolutions were treated as Joint Electorate Actions and were decided on a poll. All resolutions at both meetings were passed by the required majority. Resolutions 1 to 24, 29 to 33 and 36 were passed as ordinary resolutions. Resolutions 25 to 28, 34 and 35 were passed as special resolutions.
The voting results of the Joint Electorate Actions are identical and are given below:
Hot Features
Premium
Votes % Votes % TOTAL Votes Witheld Result
For Against cast
as
% issued
capital
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
RESOLUTION
Common
Business:
Investec
plc and
Investec
Limited
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
Zarina
Bibi Mahomed
Bassa as
a director
of Investec
plc and
Investec
1 Limited. 624,572,725 86.69% 95,907,155 13.31% 720,479,880 76% 5213433 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
Glynn Robert
Burger
as a director
of Investec
plc and
Investec
2 Limited. 708,603,079 98.14% 13,464,485 1.86% 722,067,564 76% 3625756 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
Laurel
Charmaine
Bowden
as a director
of Investec
plc and
Investec
3 Limited. 603,830,550 85.78% 100,123,804 14.22% 703,954,354 75% 21738959 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
Cheryl
Ann Carolus
as a director
of Investec
plc and
Investec
4 Limited. 676,421,557 93.88% 44,060,215 6.12% 720,481,772 76% 5211548 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
Peregrine
Kenneth
Oughton
Crosthwaite
as a director
of Investec
plc and
Investec
5 Limited. 626,939,799 86.82% 95,135,375 13.18% 722,075,174 76% 3618146 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
Hendrik
Jacobus
du Toit
as a director
of Investec
plc and
Investec
6 Limited. 710,700,523 98.43% 11,366,520 1.57% 722,067,043 76% 3626271 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
David Friedland
as a director
of Investec
plc and
Investec
7 Limited. 703,294,534 97.40% 18,773,209 2.60% 722,067,743 76% 3625571 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
Charles
Richard
Jacobs
as a director
of Investec
plc and
Investec
8 Limited. 551,441,300 76.61% 168,398,169 23.39% 719,839,469 76% 5853851 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
Bernard
Kantor
as a director
of Investec
plc and
Investec
9 Limited. 710,021,300 98.33% 12,045,261 1.67% 722,066,561 76% 3626759 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
Ian Robert
Kantor
as a director
of Investec
plc and
Investec
10 Limited. 669,438,655 92.71% 52,641,294 7.29% 722,079,949 76% 3613371 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
Stephen
Koseff
as a director
of Investec
plc and
Investec
11 Limited. 710,792,758 98.44% 11,280,607 1.56% 722,073,365 76% 3619949 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
Lord Malloch-Brown
as a director
of Investec
plc and
Investec
12 Limited. 719,283,247 99.61% 2,789,802 0.39% 722,073,049 76% 3620271 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
Khumo Lesego
Shuenyane
as a director
of Investec
plc and
Investec
13 Limited. 719,338,475 99.62% 2,728,493 0.38% 722,066,968 76% 3626346 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-elect
Fani Titi
as a director
of Investec
plc and
Investec
14 Limited. 522,412,466 72.55% 197,653,662 27.45% 720,066,128 76% 5627185 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To approve
the dual
listed
companies'
(DLC) directors'
remuneration
report
(other
than the
part containing
the directors'
remuneration
policy)
for the
year ended
31 March
15 2017. 558,785,555 77.89% 158,582,833 22.11% 717,368,388 76% 8324931 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Authority
to take
action
in respect
of the
16 resolutions. 721,929,064 99.98% 142,812 0.02% 722,071,876 76% 3621444 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Ordinary
business:
Investec
Limited
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
17 To present Non-voting
the audited
financial
statements
of Investec
Limited
for the
year ended
31 March
2017, together
with the
reports
of the
directors,
the auditors,
the chairman
of the
audit committee
and the
chairman
of the
social
and ethics
committee.
-------------------- -------------------------------------------------------------------------------------------
To sanction
the interim
dividend
paid by
Investec
Limited
on the
ordinary
shares
in Investec
Limited
for the
six month
period
ended 30
September
18 2016. 721,953,915 99.98% 121,386 0.02% 722,075,301 76% 3611222 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Subject
to the
passing
of resolution
No 31,
to declare
a final
dividend
on the
ordinary
shares
and the
SA DAS
share in
Investec
Limited
for the
year ended
31 March
19 2016. 721,953,964 99.98% 121,363 0.02% 722,075,327 76% 3611221 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-appoint
Ernst &
Young Inc.
as joint
auditors
of Investec
20 Limited. 634,211,530 87.83% 87,857,249 12.17% 722,068,779 76% 3617769 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-appoint
KPMG Inc.
as joint
auditors
of Investec
21 Limited. 633,410,027 87.72% 88,659,842 12.28% 722,069,869 76% 3616679 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Special
business:
Investec
Limited
Ordinary
resolutions
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Directors'
authority
to issue
up to 5%
of the
unissued
ordinary
22 shares. 583,574,099 80.86% 138,117,810 19.14% 721,691,909 76% 4001289 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Directors'
authority
to issue
the unissued
variable
rate, cumulative,
redeemable
preference
shares
and the
unissued
non-redeemable,
non-cumulative,
non-participating
preference
23 shares. 689,149,419 95.44% 32,921,615 4.56% 722,071,034 76% 3622164 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Directors'
authority
to issue
the unissued
special
convertible
redeemable
preference
24 shares. 682,181,813 94.48% 39,890,665 5.52% 722,072,478 76% 3620720 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Special
resolutions
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Special
resolution
No 1: Directors'
authority
to acquire
ordinary
25 shares. 703,065,561 97.55% 17,680,607 2.45% 720,746,168 76% 4947030 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Special
resolution
No 2: Directors'
authority
to acquire
Class ILRP1
redeemable,
non-participating
preference
shares,
Class ILRP2
redeemable,
non-participating
preference
shares,
any other
redeemable,
non-participating
preference
shares
and non-redeemable,
non-cumulative,
non-participating
preference
26 shares. 715,483,559 99.27% 5,296,303 0.73% 720,779,862 76% 4913336 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Special
resolution
No 3: Financial
27 assistance 712,142,728 98.63% 9,925,834 1.37% 722,068,562 76% 3624636 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Special
resolution
No 4: Non-executive
directors'
28 remuneration 710,110,316 98.34% 11,956,517 1.66% 722,066,833 76% 3626365 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Investec
plc
Ordinary
business:
Investec
plc
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To receive
and adopt
the audited
financial
statements
of Investec
plc for
the year
ended 31
March 2016,
together
with the
reports
of the
directors
and the
29 auditors 719,301,750 99.96% 283,913 0.04% 719,585,663 76% 6107535 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To sanction
the interim
dividend
paid by
Investec
plc on
the ordinary
shares
in Investec
plc for
the 6 (six)
month period
ended 30
September
30 2015. 721,814,797 99.96% 266,811 0.04% 722,081,608 76% 3611590 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Subject
to the
passing
of resolution
No 20,
to declare
a final
dividend
on the
ordinary
shares
in Investec
plc for
the year
ended 31
31 March 2016. 721,959,525 99.98% 121,599 0.02% 722,081,124 76% 3612074 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
To re-appoint
Ernst &
Young LLP
as auditors
of Investec
plc and
to authorise
the directors
of Investec
plc to
fix their
32 remuneration. 633,168,727 87.69% 88,904,735 12.31% 722,073,462 76% 3619614 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Special
business:
Investec
plc
Ordinary
resolution
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Directors'
authority
to allot
shares
and other
33 securities. 546,254,220 75.65% 175,818,507 24.35% 722,072,727 76% 3620221 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Special
resolutions
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Special
resolution
No 5: Directors'
authority
to purchase
ordinary
34 shares. 720,235,702 99.86% 1,020,311 0.14% 721,256,013 76% 4437185 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Special
resolution
No6: Directors'
authority
to purchase
preference
35 shares 704,416,081 97.67% 16,839,766 2.33% 721,255,847 76% 4437116 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Ordinary
resolution
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Political
36 donations. 482,587,331 76.49% 148,321,281 23.51% 630,908,612 67% 94784708 Carried
-------------------- ------------ ------- ------------ ------- ------------ ---------- --------- --------
Further to the release of the notices of annual general meeting, and as part of the Company's ongoing engagement with shareholders, the Chairman and Senior Independent Director recently met with the group's largest shareholders. Shareholders provided feedback on their voting intentions, including their reasons for voting against specific resolutions.
As at the date of the AGM, Investec plc's issued capital consists of 666,630,820 ordinary shares of GBP0.0002 each and Investec Limited's issued capital consists of 308,172,606 ordinary shares of ZAR0.0002 each. Investec Limited holds 30,379,864 ordinary shares in Treasury. In accordance with the dual listed companies structure, the aggregate number of voting rights which may be exercised at the AGM was 944,423,562.
Votes withheld are not votes in law and have not been counted in the calculation of the proportion of votes 'for' or 'against' a resolution. Proxy appointments which gave discretion to the Chairman have been included in the 'for' total.
Document regarding Resolutions passed at the Shareholder Meetings on 10 August 2017:
Copies of all resolutions passed as special business at the Shareholder Meetings on 10 August 2017, pursuant to Listing Rule 9.6.2, will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.
David Miller Niki van Wyk
Company Secretary Company Secretary
Investec plc Investec Limited
Johannesburg and London
Date: 10 August 2017
Sponsor: Investec Bank Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
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