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INVESTEC LIMITED - Preference share partial redemption announcement

Release Date: 16/05/2017 17:00
Code(s): INL INP ILRP2     PDF:  
Wrap Text
Preference share partial redemption announcement

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


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 26 288 Preference Shares will be redeemed on
19 May 2017 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 100 769.99601 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 April 2017 up to, but excluding,
19 May 2017, which amounts to 769.99601 cents per Preference Share.

Salient features of the redemption of the 26 288 Preference Shares are listed below:

Issuer                                              Investec Limited
Instrument                                          Redeemable cumulative non-
                                                    participating preference shares
Early Redemption date                               19 May 2017
Number of shares redeemed                           26 288
Number of shares outstanding                        236 594
post 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 153.99920 cents per share
-   The net dividend amounts to 615.99681 cents per preference share for shareholders liable
    to pay the Dividend Tax and 769.99601 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

16 May 2017
Johannesburg

Sponsor:
Investec Bank Limited

Date: 16/05/2017 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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