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NOTICE OF THE AGM OF INVESTEC BANK LIMITED; ISSUE OF THE INVESTEC BANK LIMITED'S 2021 ANNUAL REPORT
INVESTEC BANK LIMITED
CHANGE STATEMENT, NOTICE OF ANNUAL GENERAL MEETING
Investec Bank Limited
Incorporated in the Republic of South Africa
Registration number: 1969/004763/06
Warrant issuer code: INVS
Interest rate issuer code: BIINLP
Debt issuer code: INVD
Structured product issuer code: INVP
ETN issuer code: INVSN
Hybrid issuer code: INLPH
LEI No.: 549300RH5FFHO48FXT69
NOTICE OF THE ANNUAL GENERAL MEETING OF INVESTEC BANK LIMITED; ISSUE OF THE INVESTEC BANK LIMITED'S 2021
ANNUAL REPORT AND CHANGE STATEMENT
i. The Annual General Meeting of Investec Bank Limited will be held electronically at 11.00am (SA time) on Thursday, 05
August 2021. The guide to joining the electronic Annual General Meeting of Investec Bank Limited may be found in the Notice of
the Annual General Meeting.
ii. The record date in order to be eligible to vote at the Annual General Meeting is Friday, 30 July 2021 and accordingly
the last day to trade is Tuesday, 27 July 2021.
iii. Shareholders are advised that the Investec Bank Limited ("the bank") integrated annual report, incorporating the
audited annual financial statements for the year ended 31 March 2021 and notice of annual general meeting ("AGM") was
distributed to shareholders today, 30 June 2021.
iv. The audited annual financial statements, on which the bank's auditors expressed an unmodified audit opinion, contain
the following changes to the provisional consolidated results for the year ended 31 March 2021 released on SENS on Friday, 21
May 2021:
The bank has an interest in a material associate and included in the provisional consolidated results the bank's share of profit
attributable to ordinary shareholders and movements in other comprehensive income that was equity accounted for the year.
The bank received the audited results of the material associate that was completed and signed on 2 June 2021, post 21 May
2021 and upon inspection of the statement of changes in equity of the associate identified a direct reduction of ordinary equity
of R864 million. The reduction related to the accounting for acquisitions and disposals of certain subsidiary entities' equity
shares to and from non-controlling shareholders at agreed values. As a result, the excess purchase consideration above
consolidated net asset values of the related subsidiaries is recognised as a direct debit against equity.
As a result of these transactions, the bank accounted for its share in the reduction in equity by reducing the value of the
"Interests in associated undertakings" line in the combined consolidated balance sheet and by reducing equity, directly in the
combined consolidated statement of changes in equity, by R409 million. The adjustment had no impact on the combined
consolidated income statement, the combined consolidated statement of total comprehensive income, basic earnings per share
and headline earnings per share. The adjustment was accounted for as an adjusting post balance sheet event. The impact of this
adjustment is detailed in the balance sheet that follows.
v. The unqualified Audit Reports by Ernst and Young Inc and KPMG Inc are available for inspection at the registered
offices of Investec Bank Limited until the Annual General Meeting has commenced.
A copy of the following documents can be viewed on Investec's website at http://hybrid-web.global.blackspider.com/urlwrap/?q=AXicE3RkcNrPwLD8IgNDUU6loXGxXnFRmV5uYmZOcn5eSVF-jl5yfi6DoWmoWUFusL-hgaWRkTFDSWpSfkZ-iUNWcSpQWq8qkSGjpKTASl-_vLxcLzOvLLW4JDUZrJGBIeI4AwMAieoguw&Z.
- Investec Group's 2021 Annual Report
- Investec Bank Limited 2021 Annual Financial Statements
- Notice of the Annual General Meeting of Investec Bank Limited.
Enquiries:
Niki van Wyk
Company Secretary
Investec Bank Limited
+27 11 286 7000
Date: 30 June 2021
Sponsor:
Investec Bank Limited
CONSOLIDATED BALANCE SHEET
Group
At 31 March Pre-adjustment Post-adjustment
R'million 2021 Adjustment 2021
Assets
Cash and balances at central banks 9 653 - 9 653
Loans and advances to banks 24 666 - 24 666
Non-sovereign and non-bank cash placements 8 956 - 8 956
Reverse repurchase agreements and cash collateral on securities borrowed 30 221 - 30 221
Sovereign debt securities 53 009 - 53 009
Bank debt securities 21 862 - 21 862
Other debt securities 14 170 - 14 170
Derivative financial instruments 19 173 - 19 173
Securities arising from trading activities 2 869 - 2 869
Investment portfolio 4 923 - 4 923
Loans and advances to customers 275 056 - 275 056
Own originated loans and advances to customers securitised 8 184 - 8 184
Other loans and advances 181 - 181
Other securitised assets 578 - 578
Interests in associated undertakings 5 558 (409) 5 149
Current taxation assets 35 - 35
Deferred taxation assets 2 412 - 2 412
Other assets 7 382 - 7 382
Property and equipment 2 740 - 2 740
Investment properties 1 - 1
Goodwill 175 - 175
Software 95 - 95
Other acquired intangible assets 118 - 118
Loans to group companies 17 410 - 17 410
Non-current assets held for sale 474 - 474
509 901 (409) 509 492
Liabilities
Deposits by banks 17 144 - 17 144
Derivative financial instruments 23 011 - 23 011
Other trading liabilities 3 388 - 3 388
Repurchase agreements and cash collateral on securities lent 16 593 - 16 593
Customer accounts (deposits) 374 369 - 374 369
Debt securities in issue 2 126 - 2 126
Liabilities arising on securitisation of own originated loans and advances 3 271 - 3 271
Current taxation liabilities 684 - 684
Deferred taxation liabilities 32 - 32
Other liabilities 7 421 - 7 421
Loans from group companies 1 972 - 1 972
450 011 - 450 011
Subordinated liabilities 12 936 - 12 936
462 947 - 462 947
Equity
Ordinary share capital 32 - 32
Share premium 14 250 - 14 250
Other reserves 411 - 411
Retained income 29 597 (409) 29 188
Ordinary shareholders' equity 44 290 (409) 43 881
Perpetual preference shares in issue 1 481 - 1 481
Shareholders' equity excluding non-controlling interests 45 771 (409) 45 362
Other Additional Tier 1 securities in issue 1 183 - 1 183
Total equity 46 954 (409) 46 545
Total liabilities and equity 509 901 (409) 509 492
Date: 30-06-2021 10:00:00
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