Investec PLC Partial redemption of Class ILRP2 pref shares (3188E)

TIDMINVP

RNS Number : 3188E

Investec PLC

17 October 2018

 
 Investec Limited                      Investec plc 
  Incorporated in the Republic of       Incorporated in England and Wales 
  South Africa                          Registration number 3633621 
  Registration number 1925/002833/06    LSE share code: INVP 
  JSE share code: ILRP2                 JSE share code: INP 
  ISIN: ZAE000202990                    ISIN: GB00B17BBQ50 
  JSE ordinary share code: INL 
  NSX ordinary share code: IVD 
  BSE ordinary share code: INVESTEC 
  ISIN: ZAE000081949 
 

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 Guidance, Transparency Rules and Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.

INVESTEC LIMITED

Preference share partial redemption announcement

Class ILRP2 redeemable, cumulative, non-participating preference shares ("Preference Shares")

Partial redemption of Preference Shares

Notice is hereby given that 21 293 Preference Shares will be redeemed on

22 October 2018 pursuant to a bespoke offer that was made by Investec Limited to a specific preference shareholder, which offer was accepted by such shareholder, in accordance with clause 46 of the Applicable Pricing Supplement of the Preference Shares.

The early redemption will take place at an amount of 100 321.15962 cents per Preference Share being a return of capital of 100 000 cents per Preference Share plus accrued dividends in respect of the period from and including 01 October 2018 up to, but excluding,

22 October 2018, which amounts to 321.15962 cents per Preference Share.

Salient features of the redemption of the 21 293 Preference Shares are listed below:

 
 Issuer                               Investec Limited 
 Instrument                           Redeemable cumulative non-participating 
                                       preference shares 
 Early Redemption date                22 October 2018 
  Number of shares redeemed            21 293 
  Number of shares outstanding post    191 642 
   this early redemption 
 JSE Share Code                       ILRP2 
 ISIN                                 ZAE000202990 
 

Additional information to take note of:

   --      The Investec Limited company tax reference number: 9800/181/71/2 

-- The dividend paid by Investec Limited is subject to South African Dividend Tax (Dividend Tax) of 20% (subject to any available exemptions or reductions in terms of Double Tax Agreements as legislated) equal to 64.23192 cents per share

-- The net dividend amounts to 256.92770 cents per preference share for shareholders liable to pay the Dividend Tax and 321.15962 cents per preference share for preference shareholders exempt from paying the Dividend Tax.

By order of the board

N van Wyk

Company Secretary

Investec Limited

17 October 2018

Johannesburg

Sponsor:

Investec Bank Limited

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October 17, 2018 05:00 ET (09:00 GMT)