05/24/2022 | Press release | Distributed by Public on 05/24/2022 06:10
Investec Limited Non-Redeemable, Non-Cumulative, Non-Participating Preference Shares Repurchase Programme Investec Limited Investec plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 1925/002833/06 Registration number 03633621 JSE share code: INPR LSE share code: INVP ISIN: ZAE000063814 JSE share code: INP LEI: 2138007Z3U5GWDN3MY22 ISIN: GB00B17BBQ50 LEI: 213800CU7SM6O4UWOZ70 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 and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority and/or the JSE Listings Requirements. INVESTEC LIMITED NON-REDEEMABLE, NON-CUMULATIVE, NON-PARTICIPATING PREFERENCE SHARES ("PREFERENCE SHARES") REPURCHASE PROGRAMME Investec Limited (the "Company") hereby announces the commencement of a share repurchase programme (the "Programme"), in compliance with paragraph 5.72 of the JSE Listings requirements in terms of which the Company may repurchase up to a maximum of 5% of the Preference Shares in issue as at the date of the current general authority granted by shareholders. Repurchases of Preference Shares in terms of the Programme will be made pursuant to and in accordance with the general authority granted to the Company by its shareholders at the Company's annual general meeting held on 5 August 2021. The Company has notified the Prudential Authority in writing of the repurchase of the preference shares. No preference shares will be repurchased from directors of the Company. The Programme commences on 25 May 2022 at the opening of the market and the Company will issue a further announcement once the programme has been closed. Repurchases will be executed through the order book operated by the JSE by the Company's authorised intermediary without any prior understanding or arrangement between the Company and/or its subsidiaries and the counterparties. Repurchases will be effected within certain pre-determined price limits with specific reference to the limits of the general authority granted by the Company's shareholders and in compliance with the JSE's Listings Requirements. Preference shares repurchased under the Programme will be cancelled as issued shares and will revert to authorised but unissued share capital status. The Programme may be discontinued at any stage during the period concerned and there is no obligation on the Company to purchase any preference shares during the period. Johannesburg 24 May 2022 Sponsor Investec Bank Limited Date: 24-05-2022 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.