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INVESTEC BANK LIMITED - Final Dividend and Early Redemption announcement of the IBRP4 Programme Preference Shares -IBRP4

Release Date: 27/03/2020 13:06
Code(s): IBRP4     PDF:  
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Final Dividend and Early Redemption announcement of the IBRP4 Programme Preference Shares -IBRP4

Investec Bank Limited
Incorporated in the Republic of South Africa
Registration number 1969/004763/06
JSE Share Code: IBRP4
JSE Issuer Code: INVD
ISIN: ZAE000273215


INVESTEC BANK LIMITED

Final Dividend and Early Redemption Announcement of Class IBRP4 credit-linked
redeemable, cumulative, non-participating unsecured preference shares (“the IBRP4
Programme Preference Shares”)

Investec Bank Limited (“the Issuer”) has exercised its option to early redeem all 5,000 of the
IBRP4 Programme Preference Shares (held by a single Preference Share Holder) in terms
of paragraph 7.8 of Annexure A 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 will take place at an amount of 4,037,086.68493 cents per IBRP4 Programme
Preference Shares being a return of capital of 4 000 000 cents per Preference Share plus
accrued dividends in respect of the period from and including 28 February 2020 to and
including, 19 April 2020, which amounts to 37,086.68493 cents per IBRP4 Programme
Preference Share.

Salient features of the redemption of the 5,000 IBRP4 Programme Preference Shares are
listed below:

Issuer                                              Investec Bank Limited
Instrument                                          Credit-linked redeemable, cumulative,
                                                    non-participating unsecured Preference
                                                    Shares
Final Redemption Date                               20 April 2020
Number of shares redeemed                           5 000
Number of shares outstanding                        Nil
post this redemption
JSE Share Code                                      IBRP4
ISIN                                                ZAE000273215


Declaration of final dividend
The final preference dividend has been declared from income reserves for the period
28 February 2020 to 19 April 2020 amounting to a gross preference dividend of 37,086.68493
cents per IBRP4 Programme Preference Share payable to the Share Holders of the IBRP4
Progamme Preference Share as recorded in the books of the company at the close of business
on Friday, 17 April 2020.
The relevant dates relating the early redemption are as follows:
Last day to trade cum-dividend                                   Tuesday, 14 April 2020
Shares commence trading ex-dividend /
Cancellation Date / Suspension Date                            Wednesday, 15 April 2020
Record date                                                       Friday, 17 April 2020
Payment date                                                      Monday, 20 April 2020
Termination Date                                                 Tuesday, 21 April 2020

Preference Share certificates may not be dematerialised or rematerialised after Tuesday,
14 April 2020.

Additional information to take note of:
•  The Issuer’s tax reference number: 9675/053/71/5
•  The number of issued IBRP4 Programme Preference Shares of the capital of the Issuer
   is 5,000 IBRP4 Programme Preference Shares
•  The dividend paid by the Issuer 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 7,417.33699 cents per IBRP4 Programme Preference
   Share
•  Preference Shareholders who are exempt from paying the Dividend Tax will receive a
   gross dividend of 37,086.68493 ZAR cents per IBRP4 Programme Preference Share
•  Preference Shareholders who are not exempt from paying the Dividend Tax will receive a
   net dividend of 29,669.34794 ZAR cents per IBRP4 Programme Preference Share.
•  Settlement of the IBRP4 Programme Preference Shares will be done free of payment

By order of the board


N van Wyk
Company Secretary
Investec Bank Limited


27 March 2020


Sponsor:
Investec Bank Limited

Date: 27-03-2020 01:06:00
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