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INVESTEC BANK LIMITED - Final Redemption - IBRP2

Release Date: 23/03/2020 16:40
Code(s): IBRP2     PDF:  
Wrap Text
Final Redemption - IBRP2

Investec Bank Limited
Incorporated in the Republic of South Africa
Registration number 1969/004763/06
JSE Share Code: IBRP2
ISIN: ZAE000264081


INVESTEC BANK LIMITED

Early Redemption Announcement of Class IBRP2 index-linked redeemable, cumulative,
non-participating unsecured preference shares (“the IBRP2 Programme Preference
Shares”)

Investec Bank Limited (“the Issuer”) has exercised its option to early redeem all 62,500 of the
IBRP2 Programme Preference Shares (held by a single Preference Share Holder) in terms
of Additional Condition 7.7 of the Applicable Pricing Supplement in respect of the Preference
Shares, pursuant to the terms and conditions set out in the Issuer’s Domestic Medium Term
Note and Preference Shares Programme

The redemption amount of 4 000 000 cents per IBRP2 Programme Preference Share, being a
total return of capital per IBRP2 Programme Preference Share with zero dividends payable on
the Final Redemption Date.

Salient features of the redemption of the 62,500 IBRP2 Programme Preference Shares are
listed below:

Issuer                                               Investec Bank Limited
Instrument                                           Index-linked redeemable, cumulative,
                                                     non-participating unsecured Preference
                                                     Shares
Final Redemption Date                                30 March 2020
Number of shares redeemed                            62 500
Number of shares outstanding                         Nil
post this redemption
JSE Share Code                                       IBRP2
ISIN                                                 ZAE000264081


Declaration of final dividend
No dividends are payable

The relevant dates relating the early redemption are as follows:
Last day to trade cum-dividend                                  Tuesday, 24 March 2020
Shares commence trading ex-dividend /
Cancellation Date / Suspension Date                          Wednesday, 25 March 2020
Record date                                                       Friday, 27 March 2020
Payment date                                                     Monday, 30 March 2020
Termination Date                                                Tuesday, 31 March 2020

Preference Share certificates may not be dematerialised or rematerialised after Tuesday,
24 March 2020.
Additional information to take note of:
?  The Issuer’s tax reference number: 9675/053/71/5
?  The number of issued IBRP2 Programme Preference Shares of the capital of the Issuer
   is 62,500 IBRP2 Programme Preference Shares
?  No dividends will be paid by the Issuer
?  Settlement of the IBRP2 Programme Preference Shares will be done free of payment

By order of the board


N van Wyk
Company Secretary
Investec Bank Limited


23 March 2020


Sponsor:
Investec Bank Limited

Date: 23-03-2020 04:40:00
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