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INVESTEC PLC - Demerger Update and Acknowledgement of Ninety Ones Announcement of Admission to Trading

Release Date: 16/03/2020 10:01
Code(s): INP INL     PDF:  
Wrap Text
Demerger Update and Acknowledgement of Ninety One’s Announcement of Admission to Trading

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: INL                                         LSE share code: INVP
NSX share code: IVD                                         JSE share code: INP
BSE share code: INVESTEC                                    ISIN: GB00B17BBQ50
ISIN: ZAE000081949


16 March 2020

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

As part of the dual-listed company structure, Investec plc and Investec Limited (together, “Investec”) notify both
the LSE and the JSE of matters which are required to be disclosed under the Disclosure Guidance and
Transparency Rules and Listing Rules of the FCA and/or the JSE Listing Requirements.


                                        Investec plc, Investec Limited

Demerger Update and Acknowledgement of Ninety One’s Announcement of Admission to Trading on
              the London Stock Exchange and the Johannesburg Stock Exchange


Further to the shareholder circular published by Investec on 29 November 2019 relating to the proposed
demerger and public listing of Investec’s global asset management business (the “Circular”), the announcement
by Investec on 10 February 2020 confirming the results of the General Meetings of Investec and the Court
Meeting of Investec plc and the announcement by Investec on 5 March 2020 confirming that the Scheme had
been sanctioned by the Court, Investec today announces the completion of the Demerger, which took effect at
7.00 p.m. (London time) on Friday, 13 March 2020.

Investec also acknowledges the announcement made by Ninety One today confirming Ninety One’s admission
to trading on the LSE and the JSE.

Fani Titi, CEO of Investec, commented:

“Today marks a significant step in our evolution. The rationale behind the demerger was to simplify and focus
both Investec and Ninety One. As Investec, we remain fully focused on achieving sustainable, long-term growth
for the benefit of our clients, shareholders and stakeholders. We also wish our former colleagues at Ninety One
all of the very best.”

Capitalised terms used in this announcement have the meaning given to them in the Circular.

Enquiries:

 Investor Relations
 Carly Newton
 carly.newton@investec.co.uk
 +44 (0) 207 597 4493

 UK Sponsor and Financial Adviser
 J.P. Morgan Cazenove
 +44 (0) 207 742 4000

 JSE Sponsor
 J.P. Morgan Equities South Africa Proprietary Limited
 +27 (0) 115 070 300

 Financial Adviser




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 Fenchurch Advisory Partners LLP
 +44 (0) 207 382 2222

 Media Enquiries
 Investec Group PR Advisers
 Lansons (UK)
 Tom Baldock
 +44 (0) 207 566 9716 | +44 (0) 7860 101 715
 tombaldock@lansons.com

 Brunswick (South Africa)
 Graeme Coetzee
 +27 (0) 11 502 7419 | +27 (0) 63 685 6053
 gcoetzee@brunswick.co.za

FORWARD-LOOKING STATEMENTS

This announcement may include statements that are, or may be deemed to be, "forward-looking statements".
These forward-looking statements may be identified by the use of forward-looking terminology, including the
terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or,
in each case, their negative or other variations or comparable terminology or by discussions of strategy, plans,
objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially
from actual results. Any forward-looking statements reflect Investec’s current view with respect to future events
and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the
Investec Group or Ninety One business, results of operations, financial position, liquidity, prospects, growth
and strategies. Forward-looking statements speak only as of the date they are made. Investec expressly
disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking
statements contained in this announcement or any other forward-looking statements they may make whether
as a result of new information, future developments or otherwise.
IMPORTANT INFORMATION

This announcement is not an offer to sell, or a solicitation of an offer to purchase, securities in the United States
or in any other jurisdiction.

The securities to which these materials relate have not been, and will not be, registered under the US Securities
Act of 1933 (the "US Securities Act"), or under the securities laws of any state or other jurisdiction of the United
States. Accordingly, they may not be offered, sold, resold, delivered, distributed or otherwise transferred,
directly or indirectly, in or into the United States absent registration under the US Securities Act or an exemption
therefrom.




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Date: 16-03-2020 10:01:00
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